ANNOUNCEMENT 20 Jul 2018
Pakistan has restricted imports on account basis for manufacturing and industrial users only.
NUMBER OF INTERVENTIONS
FE Circular No. 07 of 2018
On 20 July 2018, the State Bank of Pakistan through Foreign Exchange Circular No. 07 of 2018 notified that imports on Open Account basis will henceforth be allowed only to manufacturing and industrial users for imports of spare parts or raw materials only. Earlier, no restriction was applicable on Open Account imports.
Goods that are in transit and where shipping documents were issued before the Circular will be exempt from this restriction.