The State Bank of Pakistan has revised the Statutory Liquidity Reserve requirement for exchange companies, reducing it from 25% to 15% of their capital. It was mandatory for exchange companies to put a quarter of the paid-up capital, the worth of their business, with the central bank to settle things smoothly in case they defaulted. The requirement has been reduced. Exchange companies will now have increased cash with them. “The remittance inflows (dollars that overseas Pakistanis send home) have increased significantly,” said Zafar Paracha, the secretary of the Exchange Companies Association of Pakistan. “We have been facing difficulty with our cash flows.” The State Bank said
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