SBP Introduces Updated Exporter Undertaking for Payments Through PSW System
The State Bank of Pakistan has issued new rules requiring exporters to submit an updated Undertaking/Declaration via the Pakistan Single Window system, ensuring accurate reporting, timely remittance, and compliance with foreign exchange regulations.
SBP Eases Pressure on Exporters by Releasing Withheld Proceeds
The State Bank of Pakistan has withdrawn its directive on delayed export proceeds, allowing immediate release of withheld funds and instructing banks to report overdue bills in their regular submissions.