The documentation requirement for repatriation of FX revenues should be eliminated
Reform IDF525
DescriptionExporters and FX earners were required to submit a formal declaration of intent to repatriate foreign exchange earnings to Pakistan within the prescribed period (currently 120 days), as mandated under FERA 1947 and the Foreign Exchange Manual. This documentation requirement added a bureaucratic step without meaningfully increasing repatriation, since the repatriation obligation itself was already enshrined in law and enforceable independently of any such declaration.
Department
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline15-04-2026
Date Enacted
Implementation StatusIn Progress
Progress 0%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence