Business

SBP amends forex regulations


KARACHI:

The State Bank of Pakistan (SBP) has notified revisions in foreign exchange regulations for export of goods from Pakistan (chapter 12 of the Foreign Exchange Manual). According to a statement issued on Friday, the key changes include amendments in regulations to facilitate export transactions through the Pakistan Single Window when it becomes operational. This will eliminate the requirement of electronic Form-E (EFE) for carrying out exports from Pakistan. “Another key amendment introduced in the revised export regulations is the framework for facilitating Pakistani exporters/entrepreneurs to sell their products through international digital marketplaces including Amazon, e-Bay, Ali Baba under business-to-business-to-consumer (B2B2C) e-commerce model,” it said.

Published in The Express Tribune, July 3rd, 2021.

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