Documentation requirements for surplus passage and freight collections should be simplified
Reform ID		F527
Description		For remittances related to surplus passage and freight collections, ADs were required to submit extensive documentation to SBP before being allowed to make remittances (Chapter 14, Sections 3 and 4). Additionally, ADs were not permitted to execute the remittance prior to submitting the required reports, creating unnecessary sequencing delays even where the amounts were clearly legitimate and already calculated by an auditor.
Department		State Bank of Pakistan - SBP
Jurisdiction / Location		Federal - Entire Pakistan
Sector
Start Date
Target Deadline		15-04-2026
Date Enacted
Implementation Status		In Progress
Progress		0%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence