Tuesday, 4 October 2022
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FINANCE

State Bank of Pakistan invites views on revision of Foreign Exchange manual

Considering the market dynamics and changing business environment, SBP is in the process of reviewing the Foreign Exchange (FE) manual in consultation with the relevant stakeholders in a phased manner.

The main purpose of these revisions is to promote ease of doing business. To ease the current instructions, minimizing the redundancies and delegating more powers to the Authorized Dealers to facilitate the stakeholders.

According to the State Bank of Pakistan, (SBP). “in this regard, 11 chapters (out of 22) of Foreign Exchange Manual already revised. Continuing with the work to align the foreign exchange regime with ever changing business dynamics. The proposed/draft chapter 14 (Commercial Remittances) of the Foreign Exchange Manual has been placed at the SBP’s website. For comments of the stakeholders.”

State Bank of Pakistan

How to Submit views and comments ?

In this case, comments / views / advice and suggestions on the proposed draft of Chapter-14 (Commercial Remittances) of Foreign Exchange (FE) Manual submit at feedback.epd@sbp.org.pk. This feed back must reach with SBP latest by Wednesday, 21 April 2021.

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