KARACHI, August 29, 2025 – The State Bank of Pakistan (SBP) has instructed all banks to provide detailed data on outward remittances and foreign exchange transactions sent abroad by corporate entities and individual investors.
The move aims to strengthen regulatory oversight and ensure compliance with evolving financial transparency standards.
New Online Reporting Framework
The central bank announced the launch of its Performance Evaluation System for Investment Abroad (PESIA), an advanced digital platform designed to track Equity Investment Abroad (EIA) transactions through the SBP’s Data Acquisition Portal (DAP).
The PESIA system comprises ten Data File Structures (DFS), each serving a specific reporting function:
1. Designation of Authorized Dealers
2. EIA Approvals – Categories A1, A2 & B
3. EIA Approvals – Category C
4. ESOP Approvals – Category D
5. Portfolio Investment/Sweat Equity Approvals – Category D
6. Remittance Approvals for Approved EIA Cases – Category C
7. Outward Remittances – Categories A1, A2, B, C & D
8. Details of Entities Established/Acquired – Approved Categories
9. Inward Remittances – Categories A1, A2, B, C & D
10. Financial Performance of Investee Companies
A detailed user manual has been issued to guide banks in data entry, downloading DFS formats, and obtaining an Investee Company (IC) Code, mandatory for selected DFS submissions.
Reporting Deadlines
• Monthly Reporting: DFS 1–9 must be submitted by the 5th working day of the following month.
• Annual Reporting: DFS 10 must be filed within three months of the investee company’s financial year-end.
For legacy data, SBP has introduced a two-phase schedule:
• Phase I: Transactions from February 10, 2021 – July 31, 2025 must be reported by November 28, 2025.
• Phase II: Transactions prior to February 9, 2021 must be compiled and emailed to SBP by February 28, 2026.
Banks must also submit a compliance report signed by their Group Head Compliance by March 5, 2026, confirming accuracy and completeness of data.
Strict Enforcement Expected
SBP warned that non-compliance, incomplete submissions, or inaccuracies will lead to enforcement actions under the Foreign Exchange Regulation Act, 1947, and other applicable laws.
This initiative is seen as a major step toward digitizing financial oversight, improving transparency in foreign investment reporting, and meeting international compliance standards.