Companies acquired have to over the years be incorporated as wholly owned subsidiary or opening a branch in Pakistan. Even in those cases where foreign equity up to 49% is permissible, a higher percentage of foreign equity ownership is allowed by SBP on a case-to-case basis depending on the strength of the incoming institution.
Another source of uncertainty for the Bank at the present time is in estimating the margin of unused capacity in the economy. If economic activity expands as forecast, the traditional way of measuring these things tells us that the current margin of economic slack should be taken up in the second half of next year.