KARACHI: The State Bank of Pakistan (SBP) has extended the deadline of import of cash US Dollars by exchange companies for their export consignments till June 30, 2025, in order to ensure adequate supply of cash USD in open market.
The SBP, in July 2023, has allowed the exchange companies to import cash US Dollars against the value of their export consignments of permissible foreign currencies, through reputed cargo or security companies with the condition that total cash US Dollars imports shall not exceed 50% of the value of its export consignments.
A circular letter issued by Exchange Policy Department of the SBP, on Friday reads, “In order to ensure adequate supply of cash USD in open market, the validity of above instructions is hereby extended till June 30, 2025.”
Earlier, the central bank on March 29 extended the date allowing exchange companies to import cash US Dollars up to 50% of the value of their export consignments till June 30, 2024.
All other terms and conditions of the above mentioned circular letters shall remain unchanged.
