Regulatory Alerts2026-04-06 | EPD Circular Letter No. 07Added · Updated
Revision of Form R, IRV, and Form M
The State Bank of Pakistan has revised the formats of Form M, Form R, and Form IRV to align with current regulatory reporting requirements and remove redundancies. The thresholds for Form R and Form IRV are set at USD 25,000 or its equivalent in other currencies. Authorized Dealers must use these revised formats with immediate effect and strictly observe the bifurcation of responsibility regarding information provision in Appendices V-7 and V-121. Additionally, Authorized Dealers are instructed to digitalize the process of seeking information from customers through these appendices by June 30, 2026.
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