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    Home » State Bank of Pakistan`s Advance Payment Against Imports (Explain in URDU) – SBP Advance Payment Circular
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    State Bank of Pakistan`s Advance Payment Against Imports (Explain in URDU) – SBP Advance Payment Circular

    July 20, 2018Updated:July 19, 20191 Min Read
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    State Bank of Pakistan`s Advance Payment Against Imports – SBP Advance Payment Circular

    The Presidents/Chief Executives of all
    Authorized Dealers in Foreign Exchange

    Dear Sirs/Madam,

    Advance Payment against Imports

    Attention of the Authorized Dealers is invited to Para 30, Chapter 13 of Foreign Exchange Manual – 2018 in terms of which Authorized Dealers are allowed to make import advance payments against irrevocable Letters of Credit (L/C) up to 100% of the value of the goods and up to US$10,000/- per invoice for the import of all eligible items without the requirement of L/C or Bank Guarantee from the supplier abroad.

    2.         In this regard, it has been decided that the above facility, allowed to Authorized Dealers to make an advance payment, stands withdrawn with immediate effect. However, in case, Authorized Dealers deem that a request on the subject merits consideration, they may approach State Bank of Pakistan along with appropriate recommendations on a case to case basis.

    3.         All other instructions on the subject shall remain unchanged. Authorized Dealers are advised to bring the above instructions to the notice of all their constituents and ensure meticulous compliance.

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    Narinder Thonthia

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      FBR to Suspend Terminal Operators’ Registration Over Infrastructure Failures

      July 14, 2025

      Pakistan’s Pulse Imports Reach Record Levels Due to Domestic Shortages

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      Pakistan to Spend $280 Million on Sugar Imports, But Prices May Stay High

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      FBR Announces New Security Deposit Rules for Freight Forwarder Licensing in Pakistan

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