Regulatory Alerts2026-04-06 | EPD Circular Letter No. 06Added · Updated
Facilitation for IT Companies and Freelancers
The document defines IT Companies and Freelancers and mandates Authorized Dealers to open Exporters’ Special Foreign Currency Accounts (ESFCAs) concurrently with primary PKR accounts. IT Companies and Freelancers may retain up to USD 5,000 or 50% of export proceeds monthly in ESFCAs and utilize these balances for current and capital account transactions without prior State Bank of Pakistan approval. Authorized Dealers must process inward and outward remittances within one working day and issue debit cards for digital payments upon request. Additionally, IT Companies and Freelancers are exempt from submitting Form R for export receipts, while Authorized Dealers must report monthly export data to the Foreign Exchange Operations Department.
More like this from SBP
SBP published 6 documents in the last 30 days. We email you each new one the day it's published.