Regulatory Alerts2026-03-11 | EPD Circular Letter No. 04 of 2026Added · Updated
Permission for Import of Crude Oil and Petroleum Products on CIF Basis
The document authorizes the import of crude oil and petroleum products on a Cost, Insurance, and Freight (CIF) basis for a period of sixty days starting from March 11, 2026. This permission serves as a temporary exception to the Foreign Exchange Manual's standard Incoterms for goods imported into Pakistan. Authorized Dealers in Foreign Exchange are required to notify their constituents to ensure strict compliance with this temporary allowance.
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EPD Circular Letter No. 04
Permission for Import of Crude Oil/ Petroleum Products on CIF Basis
March 11, 2026
43563
The Presidents/Chief Executives of All Authorized Dealers in Foreign Exchange
Dear Sir / Madam,
Permission for Import of Crude Oil/ Petroleum Products on CIF Basis
Attention of Authorized Dealers is drawn towards Para 5, Chapter 13 of the Foreign Exchange Manual, which specifies permissible Incoterms for import of goods into Pakistan.
In view of the prevailing situation and critical importance of crude oil and petroleum products for the country, it has been decided to allow import of Crude Oil/ Petroleum Products on CIF basis for a period of sixty (60) days from the date of issuance of this circular letter.
Authorized Dealers are advised to bring the above to the notice of all their constituents for meticulous compliance.
Yours sincerely,
Dr. Asif Ali Director
Home — Circulars — EPD Circular Letter No. 04
Permission for Import of Crude Oil/ Petroleum Products on CIF Basis
March 11, 2026