With a view to facilitate genuine export transactions, the State Bank of Pakistan has decided that the instructions contained in Para (ii) of FE Circular No 16 dated November 1, 2004 may further be relaxed.
Accordingly, in case, maturity of a pre-shipment export loan under FE-25 deposits falls prior to the date of realisation of export proceeds, exporters have the option to convert the pre-shipment loan into post-shipment loan, provided the maximum period of the loan (both pre-shipment & post-shipment) does not exceed 270 days.