<ul><li>The Policy Research & Advisory Council (PRAC) proposed pegging the currency at a fixed rate with scheduled reviews based on REER and reserve adequacy ratios.</li><li>Incentives will be offered for long-term investments through Naya Pakistan Certificates (NPCs) and Roshan Digital Account (RDA) holders will be allowed to invest in Special Economic Zones and agricultural processing.</li><li>The policy outlines the integration of exchange companies into banks, incentivizing dollar deposits for a year with tax exemptions, and imposing restrictions on leisure travel during low reserve periods.</li><li>Other actions include lowering credit card limits, promoting digital transactions, updating FBR valuations, avoiding ad hoc import bans, and amending SBP's export fines policy to include sector-specific exceptions.</li></ul>

PRAC proposes fixed currency peg with scheduled REER, reserve reviews

Discover more