Exporters get relief as SBP frees withheld proceeds

MG News | August 12, 2025 at 04:49 PM GMT+05:00

0:00

August 12, 2025 (MLN): The State Bank of Pakistan (SBP) has withdrawn its earlier directive on delayed realization of export proceeds, instructing authorized dealers (ADs) to immediately release funds held under the lien of exporters.

In a circular issued Tuesday , the central bank said authorized dealers must now report all overdue export bills in their fortnightly submissions to the SBP’s Foreign Exchange Operations Department.

The instructions take effect immediately.

The SBP has directed ADs to ensure the new instructions are communicated to all stakeholders.

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