Regulatory Alerts2026-04-23 | EPD Circular Letter No. 09 of 2026Added · Updated
Amendments to FE Manual Instructions on PSW Financial Instruments and Guarantees for Residents
The State Bank of Pakistan amends the Foreign Exchange Manual to require Authorized Dealers to communicate import transaction details via EDI to the Pakistan Single Window, specifying issuance triggers such as advance payments, letters of credit, and crude oil contracts. The amendments mandate a standardized serial number format for financial instruments and authorize dealers to amend or cancel these instruments under specific conditions before customs declaration. Additionally, the rules for guarantees issued by residents in favor of non-residents are updated to require prior approval, detailed application submissions, and weekly reporting of any invoked guarantees to the relevant State Bank departments.
Topics
fx
Share