Regulatory Alerts2026-05-25 | CMD Circular No. 01 of 2026Added · Updated
Revision in Reporting and Settlement Timeline of SSC/DSC Sale Proceeds by Commercial Banks
Effective June 8, 2026, commercial banks must report all SSC/DSC sale transactions to the relevant SBP BSC Office via email by 04:30 PM on the same day. Funds settlement is now based on a debit authority issued in favor of SBP BSC, replacing the previous cheque submission method. The maximum turnaround time for surrendering sale proceeds is reduced from 72 hours to T+1 (the next working day), with penalties imposed for any delays beyond this revised timeline.
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