Karachi, January 30, 2024 – In a significant move aimed at facilitating trade and commerce, the State Bank of Pakistan (SBP) has granted approval for 100 percent advance payment for imports.
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) has amended foreign exchange manual related to advance import payments. The central bank on July 19, 2021 issued revision in chapter 13 of foreign exchange manual. Following is the text of amendments made to Chapter 13: (i) Authorized Dealers (AD) / banks are allowed to effect import advance […]
KARACHI: State Bank of Pakistan (SBP) has allowed import of medical equipment for treatment of coronavirus against 100 percent advance payment and open account.
KARACHI: State Bank of Pakistan (SBP) has allowed 100 percent advance payment for import of various goods against letter credit. The SBP in a statement on Tuesday said that with a view to facilitate importers, SBP has allowed banks to make advance payment up to USD 10,000/-, or equivalent thereof, per invoice on behalf of […]
KARACHI: State Bank of Pakistan (SBP) on Thursday amended instructions regarding advance payment against imports in order to facilitate manufacturers.
KARACHI: State Bank of Pakistan (SBP) has amended framework related to trade based money laundering in order to facilitate receiving export payment. The SBP on Monday issued amendment to Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing. The central bank invited attention of the banks and exchange companies to FE Circular […]
KARACHI: State Bank of Pakistan (SBP) has facilitated manufacturing sector in advance import payment by making changes to regulatory regime. The SBP on Tuesday invited attention of banks to instructions issued vide EPD Circular Letter No. 01 of 2019 dated January 01, 2019 whereby import advance payment up to USD 10,000 per invoice was allowed […]