Regulatory Alerts2025-08-12 | EPD Circular Letter No. 07 of 2025Added · Updated
Realization of Export Proceeds
The State Bank of Pakistan withdraws FE Circular No. 02 dated March 31, 2023, which previously regulated the delayed realization of export proceeds. Authorized Dealers must immediately release amounts held under lien for exporters pursuant to that withdrawn circular. Furthermore, Authorized Dealers are required to report all overdue export bills on a fortnightly basis via Appendix-V20 and Appendix-V21 to the Foreign Exchange Operations Department, resulting in an amendment to Para 33 (ii) (a) of Chapter 12 of the Foreign Exchange Manual.
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