Regulatory Alerts2026-04-06 | EPD Circular Letter No. 07Revised Forms R, IRV, and M for Foreign Exchange Reporting
The State Bank of Pakistan has revised Forms R, IRV, and M to align authorized dealers' foreign exchange transaction reporting with current Foreign Exchange Manual requirements. The updated formats establish a USD 25,000 threshold for Forms R and IRV while mandating immediate implementation and strict responsibility bifurcation across appendices V-7 and V-121. Authorized dealers must digitalize customer data collection under these appendices by June 30, 2026 and ensure full compliance across all constituent transactions.
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