To oversee the operations of Authorized Dealers in line with the regulations with emphasis on facilitating business activities and to promptly provide necessary data to all stakeholders.
To transform FEOD into a dynamic department with a view to provide quality services in the area of foreign exchange in an efficient manner to the utmost satisfaction of all the stakeholders within the given regulatory framework.
Foreign Exchange Operations Department (FEOD) is responsible for facilitating the foreign exchange activities in the country. FEOD operates under the ambit of Foreign Exchange Regulations Act 1947, Foreign Exchange Manual 2002 and various instructions/circulars issued by the Exchange Policy Department (EPD) of SBP. The organizational setup comprises of Foreign Exchange Operations Department (FEOD) located at SBP BSC Head Office, Karachi and Foreign Exchange Operations Units (FEOUs) at different Field Offices of the Corporation.
Being an operational arm of Exchange Policy Department (EPD), FEOD is mainly responsible for monitoring the repatriation of export proceeds, granting approvals for commercial, private and Government foreign exchange remittances, processing of applications under various Subsidy Schemes introduced by the Government for exporters, etc. and collection & analysis of various returns / data on foreign exchange-related transactions in the country.
FEOD Circular Letter No. 047 of 2018 - Drawbacks of Taxes Order, 2017-18.
EPD Circular Letter No. 24 & 25 of 2017/Duty Drawback of Taxes Order 2017-18 (Textile) & Local Taxes and Levies Drawback (Non-Textile) Order, 2017 - Annexure III
FEOD Circular/Import/OA/1/2015/August 23, 2016 - Centralized Submission of Open Account Import Cases on Standardized Format - Annexure- A - Annexure-B
FEOD (FEOM & Enf.)/ 15637 /Circular/Export/01/2017/July 07, 2017 - Reporting of Consolidated V-11 and EFEs as Overdue in V-20 - Annexure- A
FEOD/Ex-Account/23807/Circular/FE-Allocation/01/2017/October 03, 2017 - Standardized Format for Submission of FE Allocation Cases. - Annexure- A - Annexure-B