Overview
- The State Bank of Pakistan, which announced the changes Monday, ordered banks to implement the new service‑export rules at once to speed receipts for tech firms and freelancers.
- Exporters no longer file Form R for every transaction and instead give a one‑time declaration at account opening that states the services they sell abroad.
- The reporting threshold for Form R and the Inward Remittance Voucher rose to above $25,000, cutting paperwork for smaller payments.
- Banks must process inward export receipts and outward payments from Exporters’ Special Foreign Currency Accounts within one working day and tag accounts with the right service and purpose codes.
- Lenders were told to digitize Forms R and M and standardize documents for payments abroad, while coverage notes IT inflows have softened into early 2026 and industry voices expect the higher threshold to speed repatriation.