Regulatory Alerts2025-05-16 | DMMD Circular Letter No. 06Upgradation of Foreign Exchange Computerized Reporting System
The State Bank of Pakistan’s Domestic Market and Monetary Management Department has upgraded the Foreign Exchange Computerized Reporting System (FXCRS) from a Microsoft Access platform to a new Data Acquisition Portal. Authorized dealers must now upload three specific datasets—FXCRS Deals, FXCRS Balances, and FXCRS Asset Liability Position—via the portal according to daily or monthly schedules with strict morning deadlines. These reporting requirements take effect immediately, while existing daily email submissions will continue until separate discontinuation instructions are issued.
Circulars/Notifications -
Domestic Market & Monetary Management Department
DMMD Circular Letter No. 06
May 16, 2025
The Presidents / Chief Executive Officers All Banks/Authorized Dealers
Upgradation of Foreign Exchange Computerized Reporting System
Please refer to DMMD Circular Letter No. 02 of 2008 dated May 21, 2008 and the instructions regarding FXCRS reporting issued from time to time.
In order to enhance the overall scope and coverage of Foreign Exchange data submitted by Authorized Dealers, SBP has revamped the old Microsoft Access based FXCRS system to a new Data Acquisition Portal (DAP) based system. Authorized Dealers are now required to upload FXCRS data through DAP as per the following three (3) datasets in the upgraded system:
Name of the dataset
Contents
Frequency
Deadline for reporting
FXCRS Deals
All foreign exchange deals
Daily
9:30 a.m. following working day
FXCRS Balances
Daily currency-wise FXCRS balances as per list of values
Daily
10:30 a.m. following working day
FXCRS Asset Liability Position
Monthly foreign currency on-balance sheet and off-balance sheet assets and liabilities
Monthly
By C.O.B second working day of the following month
The above instructions will be effective immediately. All other instructions on the subject will remain unchanged. Existing reporting of daily FXCRS data through email will continue as per practice. Separate instructions will be issued for discontinuation of current reporting. In case of any queries, following contacts are available:
Business related queries: FXCRS@sbp.org.pk DAP related queries: DWHSupport@sbp.org.pk
Yours Sincerely, -Sd-
(Muhammad Faisal) Senior Joint Director
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