Regulatory Alerts2026-05-12 | EPD Circular Letter No 11Instructions for Legacies and other Distributions of Assets of Deceased Persons
Applications for remitting assets from deceased estates to non-resident beneficiaries must be submitted to the State Bank of Pakistan via a formal letter accompanied by supporting legal and residency documentation. The State Bank will authorize the credit of non-remittable funds to a blocked account held in the name of the executor or administrator within a Pakistani bank. Transfers of specifically bequeathed securities, shares, and real estate to non-resident beneficiaries require the submission of full asset particulars as part of the application process.
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