State Bank of Pakistan Updates Foreign Exchange Rules to Ease Inherited Asset Transfers for Non Residents
The State Bank of Pakistan now recognizes NADRA succession certificates for remitting inherited assets abroad simplifying the process for non resident legal heirs.
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 and PSEB Introduce Specialized Banking Facilitation for IT Exporters in Pakistan
Pakistan Software Export Board and the State Bank of Pakistan have introduced enhanced banking facilitation for IT and ITeS exporters, including specialized branches and dedicated exporter desks to streamline foreign exchange and regulatory processes.
SBP Ends Export Development Surcharge Collection After Federal Exemption
The State Bank of Pakistan has halted the collection of the Export Development Surcharge after the government exempted all exported goods, offering relief to exporters and reducing transactional costs.