SBP will credit Duty Drawback into exporters’ bank accounts from Sept 1

MG News | August 09, 2020 at 02:08 PM GMT+05:00

0:00

August 09, 2020 (MLN): State Bank of Pakistan will be crediting the Duty Drawbacks directly into the bank accounts of the exporters from September 1, 2020, Abdul Razak Dawood announced on his social media account on Saturday.

Advisor to PM for Commerce and Investment said, ‘Exporters have always been wanting that their refunds go directly into their accounts from the SBP.’

In a series of tweets, he thanked SBP and Pakistan Customs for establishing the direct transfer of Duty Drawback, without any human involvement on the initiative of the Ministry of Commerce.

This is considered another trade facilitation initiative by Pakistan Custom.

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