SBP seeks au­tho­rised deal­ers’s at­ten­tion on E’ cer­ti­fi­ca­tion

The Pak Banker - - FRONT PAGE -

State Bank of Pak­istan has clar­i­fied that as per FE Reg­u­la­tions, the ex­port made against con­vert­ible cur­ren­cies is sub­ject to Form ‘E’ cer­ti­fi­ca­tion by the Au­tho­rized Deal­ers. Ac­cord­ingly, the ex­port pro­ceeds re­ceived as per sales terms are re­quired to be sur­ren­dered in the in­ter-bank mar­ket for which the con­cerned Au­tho­rized Dealer will is­sue Pro­ceeds Re­al­iza­tion Cer­tifi­cate (PRC).

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