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 at the address given below.

Required Documents:

  • Request for Proposal (RFP) documents
  • 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/-


Mr. Sajid Iqbal
Manager Domestic Business 
Pakistan Software Export Board (G) Limited
2nd Floor Evacuee Trust Complex
F-5, Aga Khan Road 
Islamabad - 44000
Telephone: 92-51-920407492-51-9204074, Extension 102
Fax: 92-51-9204075
E-mail:   This e-mail address is being protected from spambots. You need JavaScript enabled to view it.