SBP issues updated foreign exchange manual

KARACHI: State Bank of Pakistan (SBP) on Friday issued an updated Foreign Exchange Manual for the benefit of stakeholders including authorized dealers (Banks), exporters, importers, travel agents and carriers.

This revised manual will enable the stakeholders to comply with the existing rules and regulations governing foreign exchange business more effectively. It has also been placed at the State Bank's website for reference, said a SBP statement.

SBP's Exchange Policy Department has been issuing updated foreign exchange manual from time to time. Last such version of the Manual was issued in May 2017. Since issuance of the updated foreign exchange manual in 2017, several changes/amendments in the foreign exchange regulations have been made.

Although the FE Circulars, Circular Letters, Notifications, etc. through which these changes/amendments were made have been posted at the State Bank's website, the same stand incorporated in the Foreign Exchange Manual so that the stakeholders can find the regulations/instructions in consolidated form in a single document.

In this regard, Exchange Policy Department issued circular June 22, 2018 which is available at the link: https://www.sbp.org.pk/epd/2018/FEC4.htm.