Pakistan central bank raises paid-up capital limit

Pakistan's central bank has increased the paid-up capital requirement for investment banks to 500 million rupees from 200 million rupees, a central bank spokesman said on Feb 1. But he said the State Bank of Pakistan has given a two-year period to investment banks operating in Pakistan to meet the new requirement. "No investment bank shall commence or carry on business unless it has a minimum paid-up capital of Rs 500 million," the central bank said in a statement.

It also said if an investmen

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