PAK CB on Importation of Cash USD

Updated on: Sep 25, 2024

Latest Event


  • Sep. 2024 Import Instruction Extended
  • On Sep. 20, 2024, PAK CB issued circular extending allowance to import cash USD.
  • Importing limit remains at up to 50 percent of the value of their export consignments.
  • Extension until Jun. 30, 2025, and all other terms from previous circulars unchanged.
  • Document dated Sep. 20, 2024, received from PAK CB Sep. 23, summarized Sep. 25.

On Mar. 29, PAK CB extended instructions re importation of cash USD.

  • PAK CB issued circular in order to extend its instructions related to import of cash USD.
  • It previously issued circular (of Jul. 25, 2023) allowing exchange companies to import cash USD up to 50 percent of their export consignments value until Dec. 31, 2023.
  • Effectiveness
  • The above instruction is extended until Jun. 30, 2024.
  • Sep. 2024 Import Instruction Extended
  • On Sep. 20, 2024, PAK CB issued circular extending allowance to import cash USD.
  • Importing limit remains at up to 50 percent of the value of their export consignments.
  • Extension until Jun. 30, 2025, and all other terms from previous circulars unchanged.
  • Document dated Sep. 20, 2024, received from PAK CB Sep. 23, summarized Sep. 25.
Regulators
PAK CB
Entity Types
Exch; MSB
Reference
Cir EPD No. 7/2024, 9/20/2024; Cir EPD No. 3/2024, 3/29/2024; Cir EPD No. 11/2023;
Functions
Compliance; Financial; Operations; Treasury
Countries
Pakistan; Cross-Border
Category
State
N/A
Products
Deposits; Forex
Rule Type
Final
Regions
AP
Rule Date
Mar 29, 2024
Effective Date
Jun 30, 2025
Rule ID
206663
Linked to
N/A
Reg. Last Update
Sep 20, 2024
Report Section
International