Foreign Remittances NOC

According to Foreign Exchange Manual 2002 Chapter 14 Clause 12, State Bank of Pakistan (SBP) requires that any IT company willing to procure software from abroad first needs to obtain a No Objection Certificate (NOC) from PSEB in case of remittance above 100,000 US $ or equivalent. However, no NOC from PSEB is required in case of remittance below 100,000 US $. Please download, print, and clearly fill out this NOC form, and post it along required documents at the address given below.

Required Documents
Request for Proposal (RFP) documents
Cover letter with complete contact information
Foreign Vendor Identification
Copy of contract with foreign vendor
Evaluation Report
Copy of Invoices from foreign vendor

Processing Charges
Processing fee must be enclosed as per below schedule (Revised from 1st August, 2017):

Sr. No. Remittance Value Fee Proposed
1 100,000 – upto 200,000 US $ or equivalent Rs. 50,000/-
2 Above 200,000 – upto 400,000 US $ or equivalent Rs. 100,000/-
3 Above 400,000 – upto 600,000 US $ or equivalent Rs. 200,000/-
4 Above 600,000 – upto 1 Million US $ or equivalent Rs. 300,000/-
5 Above 1 Million – upto 2 Million US $ or equivalent Rs. 400,000/-
6 For each additional 1 million US $ or equivalent Rs. 400,000/-

Muhammad Shoaib Aslam
Assistant Manager Industry Facilitation
Pakistan Software Export Board (G) Limited
2nd Floor Evacuee Trust Complex
F-5, Aga Khan Road
Islamabad - 44000
Telephone: 92-51-9204074, Extension 119
Dir No: 92-51-9201686
E-mail: [email protected]