The State Bank of Pakistan (SBP) Friday issued Foreign Exchange Manual-2018. In order to facilitate the stakeholders including Authorized Dealers (Banks), exporters, importers, travel agents, carriers, etc, the 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 the issuance of the updated Foreign Exchange Manual in 2017, several changes/amendments in the foreign exchange regulations have been made and a number of FE Circulars/Circular Letters etc. have been issued which have been incorporated in the relevant chapters of the Manual.
Further, while few new forms have been included in the Manual, some of the existing forms have been revised as a consequence of changes made in the relevant instructions. 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.
Accordingly, the Foreign Exchange Manual stands updated up to June 22, 2018 and has been placed at the State Bank's website for reference of the stakeholders.
The SBP expects that the use of updated manual by the stakeholders would enable them to comply with the existing rules and regulations governing foreign exchange business more effectively.