The government has introduced a performance-based rebate scheme that will reward Pakistani exporters for increasing their exports from July 1, 2026.

The State Bank of Pakistan (SBP) said the scheme covers exporters of both goods and services, with the rebate linked to the increase in export proceeds over the previous fiscal year.

Exporters will qualify for:

• 1 percent rebate on incremental exports if annual export growth is up to 10 percent.
• 2 percent rebate on incremental exports if annual export growth exceeds 10 percent.
• No rebate if exports do not increase from the previous fiscal year.

Exporters whose quarterly proceeds exceed their average quarterly exports in the previous year will initially receive 75 percent of the applicable rebate.

The final amount will be settled after the end of the fiscal year. If annual exports are higher than the previous year, the exporter will receive the remaining rebate.

If annual exports are equal to or below the previous year’s level, provisional rebates paid during the first three quarters will be recovered by the designated bank and returned to the SBP within 15 days of the year-end.

The rebate will be calculated only on incremental export proceeds realized in foreign currency. Receipts in currencies other than the US dollar will be converted into dollar equivalents using the exchange rate applicable on the date of realization.

Each exporter must nominate one designated bank to combine its export proceeds received through different banks and submit a consolidated rebate claim to the Financial Inclusion Support Department of SBP Banking Services Corporation.

The claims must be verified and signed by the designated bank’s Chief Internal Auditor and Chief Compliance Officer.

The SBP has directed banks to inform exporters about the scheme and provide support for its implementation.