KARACHI: State Bank of Pakistan (SBP) has allowed the Authorized Dealers to effect advance
payments up to USD 10,000/- per invoice on behalf of importers cum exporters for
import of raw materials, accessories and spares.
The decision has been taken with a view to proliferate export and generate economic
activity through the industrial units intending to import spares and raw material
for export of finished goods,
It merits mentioning here that earlier, SBP had restricted the advance payment facility
in July 2018 which was previously allowed to importers through Authorized Dealers.
The Authorized Dealers have been advised by the SBP to the above effect through EPD
Circular Letter No. 01 dated January 01, 2019.
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