SBP launches digital system for non-resident shareholding reporting

May 25, 2026 (MLN): The State Bank of Pakistan (SBP) has introduced a Non-Resident Shareholding Registration System (NSRS), a new digital platform designed to automate and streamline the recording of non-residents shareholding in locally incorporated companies, along with the repatriation of dividends and disinvestment proceeds.

The move was declared through FE Circular No. 03 of 2026, dated May 25, 2026, addressed to all Authorized Dealers (ADs) in foreign exchange.

Under the new system, all Authorized Dealers are required to report monthly  covering share designation, issuance, dividend repatriation, and disinvestment transactions through four designated Data File Structures (DFS) via the Data Acquisition Portal (DAP), no later than the 5th working day of each following month.

The first mandatory report covers July 2026, due by the 5th working day of August 2026.

For legacy data, the SBP has outlined a three-phase reporting timeline.

Transactions from January 2021 to June 2026 must be submitted within four months, those from January 2016 to December 2020 within six months, and historical data going back to January 2006 to December 2015 must be filed within one year of the circular's issuance.

Upon completing Phase III, banks must submit a signed compliance report within 15 days, certified by their Group Head Compliance.

The SBP has placed responsibility for accuracy and timely submission squarely on the Group Head and Group Head Compliance of each Authorized Dealer, directing banks to also inform their constituents of the new requirements and ensure strict compliance.

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