Regulatory Alerts2026-05-12 | EPD Circular Letter No 11Added · Updated
Revised Para 03 of Chapter 16: Legacies and other Distributions of Assets of Deceased Persons
Applications for remitting legacies and other distributions from the estates of deceased persons to beneficiaries resident outside Pakistan must be referred to the State Bank for consideration. Such applications must be submitted by letter and accompanied by the deceased's name, nationality, residence details, authenticated will or succession documents, and a full statement of assets in Pakistan. If remittance is not permitted, amounts may be credited to a blocked account in the name of the executor or administrator with a bank in Pakistan. Applications involving the transfer of specific securities, shares, or real estate to non-resident beneficiaries must include full particulars of those assets.
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