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 3rd April, 2014):

Sr. No. Remittance Value Fee Proposed
1 100,000 – Less than 250,000 US $ or equivalent Rs. 40,000/-
2 250,000 – Less than 500,000 US $ or equivalent Rs. 80,000/-
3 500,000 – Less than 1 Million US $ or equivalent Rs. 150,000/-
4 1 Million – Less than 2 Million US $ or equivalent Rs. 300,000/-
5 For each additional 1 million US $ or equivalent Rs. 300,000/-

Sajid Iqbal
Manager Domestic Business
Pakistan Software Export Board (G) Limited
2nd Floor Evacuee Trust Complex
F-5, Aga Khan Road
Islamabad - 44000
Telephone: 92-51-9204074, Extension 102
Fax: 92-51-9204075
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.