The State Bank of Pakistan (SBP) has allowed exchange companies to import US dollars till June 2025.

The central bank in a circular dated September 20, 2024, stated, “Attention of Exchange Companies is invited towards the instructions contained in EPD Circular Letter No. 11 dated July 25, 2023 and EPD Circular Letter No. 3 dated March 29, 2024, whereby the Exchange Companies were, inter alia, allowed to import cash US Dollars up to 50% of the value of their export consignments till June 30, 2024.”

SBP added that to ensure an adequate supply of cash USD in the open market, the validity of the above instructions is hereby extended till June 30, 2025.

All other terms and conditions of the abovementioned circular letters shall remain unchanged, the bank added.