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 Authorized Dealers must immediately release amounts held under lien for exporters pursuant to that withdrawn circular.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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EPD Circular Letter No. 07
Realization of Export Proceeds
August 12, 2025
549
The Presidents/Chief Executives
Authorized Dealers in Foreign Exchange
Dear Sir/Madams,
Realization of Export Proceeds
Attention of Authorized Dealers (ADs) is invited to FE Circular No. 02 dated March 31, 2023 whereby a new Para 33A (Delayed Realization of Export Proceeds) was inserted in Chapter 12 (Exports) of Foreign Exchange Manual (FEM).
In this regard, it has been decided to withdraw the above referred FE Circular with immediate effect. ADs are advised to release the amounts held under lien of exporters, in pursuance of the above referred FE Circular.
Henceforth, ADs, while submitting Appendix-V20 and Appendix-V21 on fortnightly basis to FEOD-SBPBSC, shall report all overdue export bills. The Para 33 (ii) (a) Chapter 12 of FEM stands amended, accordingly.
ADs are further advised to bring the above instructions to the knowledge of all their constituents.
Yours sincerely,
Dr. Asif Ali Director
Home — Circulars — EPD Circular Letter No. 07
Realization of Export Proceeds
August 12, 2025