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FBR Introduces Major Changes to Export Finance Scheme

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The Federal Board of Revenue (FBR) has introduced major changes in the Export Finance Scheme (EFS) to check misuse of the facility. The FBR issued
The Federal Board of Revenue (FBR) in Pakistan has introduced significant changes to the Export Finance Scheme (EFS) to enhance its effectiveness and support exporters. These changes include the removal of the requirement for a bank guarantee for EFS loans, replacing it with a post-dated cheque from the exporter. Additionally, the FBR has eliminated the need for a lien on the export proceeds, aiming to simplify the process and reduce the financial burden on exporters. The scheme now also allows for the financing of indirect exports, where the exporter can finance the purchase of goods for export through a third party. These modifications are intended to boost export activities, improve liquidity for exporters, and align the scheme with international best practices.

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[ https://propakistani.pk/2025/03/07/fbr-introduces-major-changes-to-export-finance-scheme/ ]