State Bank of Pakistan Banking Services Corporation

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.

Circulars