Exporters With Higher Growth to Get 2% Rebate

Notably, a performance-based rebate of up to 2 percent has been introduced for exporters who growth their exports compared with the previous fiscal year, effective July 1, 2026.

Key points

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• The designated bank's Chief Internal Auditor and Chief Compliance Officer must verify and sign the consolidated claims.
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• According to a State Bank of Pakistan (SBP) circular, the scheme covers exporters of both goods and services.

According to a State Bank of Pakistan (SBP) circular, the scheme covers exporters of both goods and services. SBP Considers Ending Rs. 10 Note.

Exporters will receive rebates on incremental export proceeds based on their annual expansion.

Export expansion of up to 10 percent: rebate of 1 percent of incremental exports.

Export expansion above 10 percent: rebate of 2 percent of incremental exports. No export expansion: no rebate.

In practice, the scheme additionally allows exporters to receive 75 percent of the applicable rebate on a provisional basis if their exports in a quarter exceed their average quarterly exports during the previous year.

For context, the remaining rebate will be settled after the end of the fiscal year. If an exporter's full-year exports exceed the previous year's level, the final quarter's rebate and any remaining amount from earlier quarters will be paid.

If full-year exports are equal to or lower than the previous year, provisional rebates paid during the first three quarters will be recovered by the designated bank and returned to the SBP within 15 days of the year-end.

For context, the rebate will be calculated on incremental export proceeds realized in foreign currency. Export proceeds received in currencies other than US dollars will be converted into dollar equivalents using the applicable exchange rate on the date the proceeds are realized.

Each exporter will additionally be required to nominate one designated bank to consolidate export proceeds received through different banks during the quarter and submit a combined rebate claim to the Financial Inclusion Backing Department of SBP Banking Services Corporation. NADRA, PTA Fight After U-Turn on PakID App Facial SIM Verification.

Meanwhile, the designated bank's Chief Internal Auditor and Chief Compliance Officer must verify and sign the consolidated claims.

SBP has directed banks to inform their exporting customers regarding the scheme and provide the necessary backing for its implementation. Stay Connected with ProPakistani.

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For now, exporters With Higher Growth to Get 2% Rebate remains the part of the story worth watching, and further updates are likely as more details are confirmed.