IT Exporters and Freelancers Granted Extension to Retain 35% of Export Proceeds in FCY Accounts

The State Bank of Pakistan (SBP) has announced an extension to the mandatory retention of 35 percent of export proceeds for IT companies and freelancers. This initiative, aimed at facilitating the IT sector, allows exporters to retain some of their earnings in special foreign currency accounts. The SBP’s decision to extend this facility until 30th […]