Rule · SBP · 2 Dec 2025 · EPD Circular Letter No. 11
The Federal Government has exempted all exported goods from the Export Development Surcharge, which was levied under sub-section (1) of section 11 of the Finance Act 1991, effective immediately from December 01, 2025. Consequently, the State Bank of Pakistan's EPD Circular Letter No. 02 dated January 22, 2003, and FD Circular Letter No. 03 dated April 20, 2023, which concerned the collection of this surcharge, are withdrawn. Authorized Dealers in Foreign Exchange are instructed to inform their constituents about these changes.
EPD Circular Letter No. 11 — December 02, 2025
The Presidents/The Chief Executives,
Authorized Dealers in Foreign Exchange
Dear Sirs/Madams,
Collection of Export Development Surcharge through Banks
Enclosed:
Yours sincerely,
Dr. Asif Ali
Director
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GOVERNMENT OF PAKISTAN
MINIS'IRY OF FINANCE & REVENUE
(REVENUE DIVISION)
,r*r(
Islamabad, the c f ll-December, 2025.
NOTIFICATION
S.R.O.)31 t (I)/2025.- In exercise ofthe powers conferred by sub-section (3) of section 11 of the Finance Act 1991 (Act No. XII ol 1991), the Federal Govemment is pleased to exempt whole of the special customs duty levied and collected as Export Development Surcharge on exportation ofall goods under sub-section (l) ofsection 1i ofthe Act, with immediate effect. ad Jawwad) A ional Secretary ( [C. No. 5(8)EP/2001-EDS]
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“In exercise ofthe powers conferred by sub-section (3) of section 11 of the Finance Act 1991 (Act No. XII ol 1991)”
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