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Pakistan Software Export Board (PSEB) has been working with the State Bank of Pakistan to provide maximum support and facilitation to the IT industry. Over the past months, PSEB, IT industry representatives, and the State Bank have held multiple meetings to make significant progress on the issues commonly faced by the sector. As a result of continuous efforts, PSEB is pleased to report that the PRC form has been upgraded. The relevant SBP circular can be accessed at https://www.sbp.org.pk/epd/2025/FECL2.htm Banks have designated branches that have specialized knowledge pertaining to foreign exchange regulations and are therefore well versed with ESFCA account related modalities. The branch details are available here. Additionally, banks have established dedicated desks to assist IT exporters and resolve any issues. Contact details are available here. IT exporters are strongly encouraged to utilize these specialized branches and dedicated desks to benefit from expert guidance and accelerated processing of transactions. PSEB is looking for your valued recommendations in the form of practical, actionable items that would help contribute towards a seamless ESFCA experience. In this context, you are requested to kindly fill the Proforma available at: https://forms.gle/JBES7ya1eTbDRAoc6 by August 21, 2025. Manager Industry Facilitation |
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