Regulatory Alerts2026-07-16 | F.E. Circular No. 26 of 2026Added · Updated
Diplomatic Bonded Warehouses – Sales to Entitled Persons / Organizations Etc
Bonded warehouse owners must open separate foreign currency accounts with Authorized Dealers in Pakistan to receive sale proceeds exclusively via crossed cheques, pay orders, or drafts from privileged persons. Upon realization of funds, owners must remit sale proceeds to overseas goods owners less agreed commission, while simultaneously converting the commission and any accrued interest into Pakistan rupees. Warehouse owners are required to submit monthly statements to the State Bank of Pakistan along with account credit/debit details and Proceeds Realization Certificates evidencing the conversion of commission and interest.
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