Export Overdues Export Overdues: Prepared By: Hina Mukarram

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EXPORT OVERDUES
EXPORT OVERDUES
Prepared by: Hina Mukarram
Submitted To: Ms Kashifa Nosheen
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(ACM Banking/AFU) Formatted: Font: (Default) Times New Roman
ACM (FEOD)
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HIRA SALEEMSUBMITTED BY: HIRA SALEEM

B.B,A
GOVERNMENT COLLEGE WOMEN UNIVERSITY SIALKOT
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EXPORT OVERDUES
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Contents: Formatted ...
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Sr.no Particular Page no Formatted ...
1 Introduction of SBP 2 Formatted ...
2 Origin 2 Formatted ...
3 Inaugural Ceremony of The State Bank of Pakistan 3 Formatted ...
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4 Subsidiaries of the SBP 3
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5 Introduction of SBP-BSC 4
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6 Departments of SBP-BSC 4 Formatted ...
7 Overall Experience of Internship 5 Formatted ...
8 FOREGIN EXCHANGE OPERATION DEPARTMENT 9 Formatted ...
9 Methodology 9 Formatted ...
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10 Introduction/Summary of the project 9
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11 What is Export 9
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12 Mode of Export Payment 11 Formatted ...
13 Export Overdue 11 Formatted ...
14 Method and Payment of Export 12 Formatted ...
15 Reporting Of overdue Cases 12 Formatted ...
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16 Instructions of Export overdue 12
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17 Procedure of Lodgment of complaints in FEA court 12
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18 Establishment of FEAD 12 Formatted ...
19 OBJECTIVES 12 Formatted ...
20 Types of complaints dealt by FEAD 13 Formatted ...
21 Processing of Complaint Lodged in FEAD by FEOD 13 Formatted Table ...
22 Required Documents 13 Formatted ...
23 Demo for Required documents 14 Formatted ...

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24 Export Overdue Position of Sialkot Region: 18
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25 Conclusion 19
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26 Reference 20 Formatted ...
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1
STATE BANK OF PAKISTAN (BSC)
EXPORT OVERDUES
Formatted: Font: 12 pt, Not Bold
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INTRODUCTION OF SBP
The State Bank of Pakistan (SBP) is incorporated under the State Bank of Pakistan Act, 1956,
which gives the Bank the authority to function as the central bank of the country. The SBP Act
mandates the Bank to regulate the monetary and credit system of Pakistan and to foster its
growth in the best national interest with a view to securing monetary stability and fuller
utilization of the country’s productive resources.
Origins Formatted: Font: 13 pt
At the time of Partition, the new state was without a central bank and a proper banking system
was almost non-existent. Most of the banks had their head offices in India. Out of 3,496 branches
of the scheduled banks, only 631 were situated in Pakistan. To complete the picture of misery,
the entire banking structure was dominated by Hindus. With the announcement of the Partition
Plan of June 3, 1947, the Hindu started to withdraw their deposits from the banks located in
Pakistan. As a result, many banks had to close down their operations. Since Pakistan had no
central bank of its own, it was decided to assign the monetary operations of the new state to the
Reserve Bank of India for a period of one year (till September 30, 1948). However, it was soon
realized that if this situation continued for too long, the country’s interests would be hurt.
Accordingly, the State Bank of Pakistan Order was issued on May 12, 1948 and Pakistan
(Monetary System and Reserve Bank) Order, 1947 was amended according to which the Reserve
Bank of India was to stop functioning in Pakistan on June 30, 1948, with the new central bank
taking over on the next day. At the time of its formation, the State Bank of Pakistan neither had
any building for housing its offices nor was there sufficient time for purchase and construction of
new premises. Therefore, Victoria Museum Building at the Ingle Road was rented from the
Karachi Municipal Corporation and swiftly refurbished. The Bank was inaugurated on July 1,
1948 by Quaid-e-Azam Muhammad Ali Jinnah, who thus observed on the guiding principles of
the newly-created central bank: “I need hardly dilate on the important role that the State Bank
will have to play in regulating the economic life of our country. The monetary policy of the bank
will have a direct bearing on our trade and commerce, both inside Pakistan as well as with the
outside world and it is only to be desired that your policy should encourage maximum
production and a free flow of trade.”
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Inaugural Ceremony of
The State Bank of Pakistan
Because of the pivotal place a central bank

occupies in the financial setup of a country, Mr.
Zahid Hussain the First Governor of the State
Bank of Pakistan had requested the Father of
Nation Quaid-i-Azam Muhammad Ali Jinnah to
perform its inauguration ceremony. The Quaid-i-
Azam interrupted his stay in Zirarat and flew to
Karachi against medical advise. Incidentally, this
ceremony was also the last public function
attended by the Quaid.
Quaid-i-Azam performing the opening ceremony

of the State Bank of Pakistan.
SUBSIDIARIES OF THE SBP
The SBP holds “three” fully owned subsidiaries to augment its functions. These are:
1. SBP-Banking Services Corporation (SBP-BSC) Formatted: Font: (Default) Times New Roman
Formatted: Font: (Default) Times New Roman, 12 pt
Established under the SBP-BSC Ordinance 2001, SBP-BSC supports SBP in performing Formatted: List Paragraph, Numbered + Level: 1 +
Numbering Style: 1, 2, 3, … + Start at: 1 + Alignment: Left +
functions such as handling of currency and credit management, facilitating the inter-bank Aligned at: 0.25" + Indent at: 0.5"
settlement system, and sale/purchase of savings instruments of the Government on behalf
of Central Directorate of National Savings. SBP-BSC also collects revenue and makes
payments for and on behalf of the Government. It also carries out operational work
relating to development finance, management of public debt, foreign exchange operations
and export refinance. The Board of Directors of SBP-BSC, chaired by the Governor SBP,
comprises of all members of the Central Board of SBP and the Managing Director of
SBP-BSC.
SBP-BSC consists of 16 field offices in Pakistan with the head office in Karachi.
2. National Institute of Banking and Finance (NIBAF) Formatted: Font: (Default) Times New Roman, 14 pt, Bold
Formatted: List Paragraph, Numbered + Level: 1 +
NIBAF is the training arm of SBP, providing executive development trainings to new inductees Aligned at: 0.25" + Indent at: 0.5"
and various levels of SBP employees. The subsidiary also conducts international courses on
central and commercial banking in collaboration with the federal Government. Furthermore,
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NIBAF offers training to SBP-BSC and other financial institutions. NIBAF is incorporated under
Companies Ordinance, 1984 and has a separate Board of Directors.
NIBAF is located in Islamabad with an office in Karachi.
3. Deposit Protection Corporation (DPC) Formatted: Font: (Default) Times New Roman, 14 pt, Bold
Formatted: List Paragraph, Numbered + Level: 1 +
Deposit Protection Corporation (DPC) has been established as a wholly owned subsidiary of Aligned at: 0.25" + Indent at: 0.5"
SBP under the DPC Act 2016. Upon commencement, this entity will be responsible to provide Formatted: Font: (Default) Times New Roman, 14 pt
protection of deposits of member financial institutions operating in Pakistan. The objective of
DPC is to compensate the depositors to the extent of protected deposits in the event of failure of
a member Financial Institution. The limit of protected deposits shall be determined by DPC and
will be announced in due course.
For the purpose of protecting depositors of Islamic Banks and branches, a separate Shariah
compliant mechanism of deposit protection shall be put in place
INTRODUCTION OF SBP (BSC)

The SBP Banking Services Corporation (SBP-BSC) was established as a wholly owned
subsidiary of State Bank of Pakistan in January, 2002, under the SBP Banking Services Formatted: Font: (Default) Times New Roman
Corporation Ordinance 2001.
As an operational arm of the Central Bank, SBP Banking Services Corporation is engaged in
managing currency, foreign exchange operations and foreign exchange adjudication; providing
banking services to the federal and provincial governments and financial institutions regulated by
State Bank of Pakistan, conducting development finance activities in support of the development
finance group of the SBP, implementing export refinance schemes, and performing agency
functions like sale/purchase of national prize bonds including managing prize money draws, sale
and purchase of national saving schemes or any other functions assigned by State Bank of
Pakistan.
DEPARTMENTS OF SBP BSC

 Accounts Department
 Currency Management Department
 Development Finance Support Department
 Engineering Department
 Foreign Exchange Adjudication Department
 Foreign Exchange Operations Department
 General Services Department
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 Human Resource Management Department

 Internal Audit Department
 Internal Bank Security Department
Strategic & Corporate Affairs Department

Overall Experience of Internship:

BSC FUNCTIONS:
 BSC is established to grip the operational work of SBP.
 State bank prepared the policies with federal government and finance ministry and BSC
implement that policies.
 SBP is a parent body and BSC is its subsidiary and a support provider.
We rotate to different Divisions:

BANKING DIVISION:
1. PAU UNIT:
This unit acts as the BANKER TO THE GOVERNMENT. This unit deals with
payments which is made on the behalf of the government like GPO Account
payments, Custom, police, etc. And also deal with the receipt of Government
accounts like FBR etc.
Modes:
a) Cash reciept.
b) Clearing.
c) Transfer.
2. DAU UNIT:
This unit acts as the BANKER TO THE BANKS. Withdrawals, transactions and
deposits of commercial banks are maintained in this unit. Three types of financial
statements are made in this unit i.e Clean Cash statement, Trail balance and
Statement of affaires. There are certain payments modes of DAU unit which are,
EFT, PAYMENT ORDER, BD, LOCAL REMITTANCIES etc.
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3. CFC UNIT:
Customer Facilitator Center, which deals with the complaints of customers.
Concerning with the bankers unpleasent behavior or incident. Mainly, this unit is
to cope the complaint of customer and solve it at office level.
ISSUANCE TREASUREY DIVISION:
CASH UNIT:
This unit is deal with cash transaction (receipt and payment) to and from general public and
governments.
There are various counters placed that are:
1. Government receipt
2. Small prize money
3. Exchange
4. Defective and claim (notes)
5. Banking payment
6. Cash Box balance
7. Bonds box balance
8. Evening closing
9. Sale of bonds
10. Encashment of bonds.
Almost 20 million is withdrawal from the vault for counter transactions. Some kinds of machines
are used in this unit, which are sorting, counting and bandling the notes machine, punching the
defective notes machine,plastic ceiling machine etc.
PRIZE BOND DIVISION:
PRIZE BOND UNIT:

The service provider of this, is not SBP-BSC but it acts as an agent and charge some commission
for providing that services. 8 denoms of bonds prevail in the country. 1 month is for selling the
bonds and 2 months is its shut down period. Through ballots, people win their prizes.
FOREIGN EXCHANGE OPERATIONAL DIVISION:
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EXPORT OVERDUES
This division have its different units engage in dealing and maintaining the foreign exchange.
For this purpose, they were given by the FE manuals in which all the rules and regulations are
defined for foreign exchange.
FEOD is mainly responsible for:
 Facilitating Importers and Exporters.

 Responding to the queries of the Field Offices and Authorized Dealer
 Monitoring of Export Overdue Cases
 Issuing show case notice to the defaulting exporter and referring the case to Adjudication
Department
 Allowance private remittance on various accounts
 Handling of Monthly Return
DEVELOPMENT FINANCE DIVISON:
ONSIGHT VERIFICATION UNIT:

This is basically the IMU (Internal Monetary Unit). Intenal Audit is done in this unit.
Major Parts:
 Pre-audit
 Post audit
. The audit is done, sometimes on daily basis, sometimes weekly, quaterly, fortnightly, monthly,
semi-annually and yearly basis. Surprise checks are also done. Daily and monthly reports are
made by that unit.
ACCESS TO FINANCE UNIT:

The awareness spot of the BSC. Its major are: National Financial Literacy Program and General
Awareness. Ministry of Finance gave that task to gave awareness about the account opening and
learning process and different sehemes are introduced for this purpose. Awareness is given by
arranging the sessions.
Four basic things of this unit are: SMEs, agriculture sector, specialized schemes and islamic
banking and also the micro financing. In these sectors, by introducing different benefits, people
are attracted to that schemes.
REFINANCE SCHEME UNIT:

This unit is basically deals with the loaning and its monitoring.
Two types of loans:
 long-term financial facility.
 export finance scheme (short-term).
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These 2 schemes are only for the expoters, because the main purpose of these schemes were to
facilitate the export. Because bank charges only 3% interest. The short-term loan has its further
categories: part 1 and part 2.
Part 1 is transaction based which also resembles with credit card.
Part 2 is about how to maintain the loan limit of each exporter.
ADMINISTRATION DIVISION:
STAFF MATTER UNIT:

Its parent department is HRMD in SBP (KARACHI). It develop the policies and BSC
implements that.
Main functions of this unit are:
 Hiring
 Recuritment
 compensations and benefits
 training and development
 carrier development and promotion
 performance management
 reward system, discipline
 industrial relations and labor laws
 retirement benefits.
MEDICAL SERVICES UNIT:

In this, medical facilities are provided to employees of SBP-BSC. Within SBP-BSC office , a
dispensery is established to provide medical facility. Certain hospitals and labs are on the pannel
to facilitate the employees.
General services unit:

Support to other units and devisions like stationery, paper, ink, pen, chair, table,almirahs, etc.
They made procurement through PPRA rules (public procurement Regulatory Authority).
Budgeting:
 Capital budgeting
 Revenue budgeting
Stock stores:
 Stationery
 Engineering
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 Computer consumerable store

 Medical store
Central Receipt and Dispatched unit:
This unit is deal with sending and receiving the legal notices to and from banks
like Pension letters, cirulers and Tenders,bids etc
Formatted: Font: Not Bold, No underline, Do not check

spelling or grammar
FOREGIN EXCHANGE OPERATION DEPARTMENT Formatted: Line spacing: Multiple 1.08 li
Formatted: Font: 12 pt
Mission Statement Formatted: Font:
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.
Statement
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.
Operations
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.
Methodology: Formatted: Font: 14 pt, Bold
It would be overall descriptive nature of theoretical study of export overdues cases. Also the
study would deal with the overall procedures of Export overdue cases. The method of the project
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would be limited to use of primary (through visit export overdues unit) and secondary source of
data (through visiting F-E manuals of Chapter 12 Export and other websites)
Introduction/Summary of the Project: Formatted: Font: 14 pt, Bold

Formatted: Font: 14 pt, Bold
This Project is belongs to the Export Overdue cases in FEOD. In which, Non-realization
proceeds are reported and after that if still not realized proceeds than, procedure of lodgment of
complaints against exporters and authorized dealer in FEA court, Current Export overdue
position of Sialkot office are also included.
What is Export:
An export is a function of international trade whereby goods produced in one country are Formatted: Font: 10 pt
shipped to another country for future sale or trade. Exports are a crucial component of a Formatted: Font: (Default) Times New Roman, 12 pt
country’s economy, as the sale of such goods adds to the producing nation's gross
output.Exporting entails the act of trading in the international market. The export business relies
on road, sea or air as modes of transportation. On the other hand, the choice of transit depends on
various factors.
Form-E is the essential document for Export. Formatted: Font: Italic

Formatted: Font: (Default) Times New Roman, Italic
Formatted: Font: Italic
Form-E is being issued in following two formats:
a) Electronic Form-E (EFE)

For exports taking place through WeBOC, EFE will be issued through WeBOC. The request for
EFE will be submitted electronically by the exporter in WeBOC and Authorized Dealer will
approve or reject EFE electronically in WeBOC. User Manuals for issuance of EFE through
WeBOC for exporters and Authorized Dealers are attached as Annexure-I & Annexure-II
respectively.
b) Manual Form-E
For exports taking place through One Customs, manual Form-E will be issued by Authorized
Dealers at the request of exporters.
Issuance of Electronic Form-E
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a) The exporter will submit Form-E request electronically through WeBOC to an

Authorized Dealer at a branch of its choice. The Authorized Dealer/branch, as chosen by
the exporter, will electronically approve or reject Form-E request as per instructions
contained in Para 8, Chapter XII of FE Manual. After electronic approval of Form-E by
the Authorized Dealer, the exporter will attach EFE in WeBOC with Goods Declaration
(GD) Form to carry out export of goods for which Form-E has been approved. The
detailed procedure to be followed for issuance of EFE and its attachment with GD Form
is explained in attached User Manuals for Exporters (Annexure-I) and Authorized
Dealers (Annexure-II).
b) The serial number of EFE for each Authorized Dealer will be generated by WeBOC.
Typical format of EFE number will comprise of three components i.e. alpha acronym of
Authorized Dealer, calendar year of issuance and system generated serial number. For
example, first EFE number for XYZ bank issued in year 2015 will be XYZ-2015-
0000000001. At the beginning of each calendar year, serial number for each bank will
reset to 0000000001.
Amendment in Electronic Form-E Formatted: Font: Bold
a) The exporter can amend EFE before it is approved or rejected by the Authorized Dealer. Once
Authorized Dealer has approved or rejected Form-E, it cannot be amended by the exporter.
b) Authorized Dealer cannot amend EFE at any stage.
Cancellation of Electronic Form-E Formatted: Font: Bold
a) Authorized Dealer can cancel EFE after it is submitted by the exporter.

b) Authorized Dealer can also cancel approved EFE before it is attached to GD Form by the
exporter.
Expiry of Electronic Form-E Formatted: Font: Bold
a) If no action is taken by Authorized Dealer on EFE request submitted by the exporter within 15
days, it will automatically expire in WeBOC.
b) If shipment is not effected by the exporter within 45 days from date of approval of EFE by
Authorized Dealer, it will automatically expire in WeBOC.
MODE OF EXPORT PAYMENT(Payment)

 L/C(Documentary Credit) (Secured) Formatted: Normal, No bullets or numbering
 Advance Payment (Zero risk) Formatted: Left, Line spacing: Multiple 1.08 li
 Letter of credit L/C(Documentary Credit) (Secured) Formatted: Font: (Default) Times New Roman
 Open Account Formatted: Font: (Default) Times New Roman, 14 pt

Formatted: Left, Line spacing: Multiple 1.08 li, Bulleted +
 Level: 1 + Aligned at: 0.25" + Indent at: 0.5"
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 Documentary collection Formatted: Font: (Default) Times New Roman, 12 pt

Formatted: List Paragraph, Left, Line spacing: single,
(C.A.D)C.A.D- (Cash against documents), (low risk) Bulleted + Level: 1 + Aligned at: 0.25" + Indent at: 0.5"
Formatted: Left, Line spacing: Multiple 1.08 li
(D.P)- (Documents against payment) (low risk), Formatted: Font: (Default) Times New Roman
Formatted: Normal, Left, Line spacing: single, No bullets
or numbering
(D.A)-- ( Documents against acceptance) (high risk)
Open Account Formatted: Font: (Default) Times New Roman, 12 pt
Formatted: Normal, No bullets or numbering
. Formatted: Font: (Default) Times New Roman, 12 pt
Formatted: List Paragraph, Left, Line spacing: single,
Bulleted + Level: 1 + Aligned at: 0.25" + Indent at: 0.5"
Formatted: Font: 12 pt
EXPORT OVERDUES:
Formatted: Indent: Left: 0.25"
Export proceeds unrealized/outstanding despite expiry of its due date. Formatted: Font: (Default) Times New Roman
Loans, bills of exchange, and other obligations remaining unpaid past their due (or maturity)
date. All financial arrangements become overdue one business day after their due date.
Authorized Dealers:
Authorizations to deal in all foreign currencies and in approved transactions of all
descriptions are issued to those scheduled banks which conduct all types of banking
transactions.
Method and period of Payment:

 Full export value of goods exported from Pakistan and declared to the Custom authorities should be
received in an approved manner, as embodied in State Bank's Notification No. F.E. 3/2001-SB
dated the 28th September, 2001 on the due date for payment or within six months from the date of
shipment/posting, whichever is earlier, or within a period as may be prescribed by the State Bank
through specific or general instruction, through an Authorized Dealer either in convertible foreign
currency in which the Authorized Dealer maintains accounts or in U.S. Dollar or in Pakistan rupee
from a nonresident bank account.
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 Where the terms of sale provide for payment earlier than six months, Authorized Dealers may
allow extension in the realization period if they are satisfied with the explanation given for delay in
realization, provided such extension does not extend the period beyond six months from the date of
shipment.
Reporting of overdue cases:

If export proceeds isexport proceeds are not realized within time then head offices of Authorized
Dealers are required to report all overdue Bills on V-20 in export overdue Reporting system till
15th of each month of the data of the preceding month.
This mean that till 15th February overdue export cases up to 31st January should be reported.
These cases will remain overdue unless realized and reported in V-21.
Formatted: Indent: First line: 0.5"
Instructions of Export overdue reporting in FE Manual:

 Overdue reported in EORS (Export Overdue Reporting System) till 15th of every month
by Authorized dealer.
 SBP-BSC office issue “1st Show cause” notice to exporter every month for non-
realization of export proceeds/E Form reported as overdue.
 SBP-BSC office issue “2nd Show cause” notice, After 21 days from the issuance of 1st
show cause notice if proceeds still not realized.
 Pre-Adjudication documents/Shipping documents submitted by authorized dealer to SBP
(BSC) office and SBP (BSC) issue “legal notice” to exporter as last chance opportunity
to explain their position.
 (After 21 days from legal notice) Formatted: Bulleted + Level: 1 + Aligned at: 0.25" +
Indent at: 0.5"
 If E Forms for which legal notice issued, still not realized FEOD will lodge complaint
against exporter in FEAD (Foreign Exchange Adjudication Department).
 Document not submitted by bank /authorized bank or realization is still outstanding for
overdue E Form, FEOD report E Form wise to head office under “23-K complaint against
Authorized Dealer”
 Formatted: Bulleted + Level: 1 + Aligned at: 0.25" +
Indent at: 0.5"
Procedure of lodgment of complaints in FEA court:
Establishment of FEAD
 FEAD is an Adjudicating forum to ensure compliance of FERA 1947 concerning
repatriation of Foreign Exchange.
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 FEAD performs its functions under Adjudication Proceedings and Appeal Rules 1988
framed by the Govt. of Pakistan vide SRO 359(1)/88 date 15th May, 1988
 Pursuant to insertion of Section 23-B in FERA 1947 FEA Courts were setup in 1990
Ministry of Finance by its notification appointed Adjudication officers and set up their
territorial jurisdiction on 11th August,1990. 33
OBJECTIVES
 Efficient proceedings to provide equal opportunity to the complainant and the defendant.
 To recover / repatriate overdue export bills
 Minimize non-compliance by the AD (commercial bank).
 Recovery of penalty from defaulting exporters.
 Recovery of un-utilized foreign exchange by the importers and other non-compliance.
Types of complaints dealt by FEAD

Complaints against the :-
1- Individuals i.e. exporters, importers for Non-Repatriation of Foreign Exchange and
2- Banks/Authorized Dealers for non-compliance of SBP instructions. 40
Processing of Complaint Lodged in FEAD by FEODProcessing

 It is the responsibility of the FEOD to lodge Complaint, within a reasonable time, against
the delinquent exporter in the FEAD for taking appropriate legal action against him under
the existing rules and regulations.
 Similarly, complaint also be lodged by FEOD against the authorized dealers, in FEAD
who fail to submit complete pre- adjudication information / documents which causes
delay in taking legal action against the exporter. 36
Required Documents:
1. Internal office memorandum (IOM)
2. Complaint (2 Copies attached)
3. No pending certificate ( no request pending at the end of FEOD)
4. Copy of V-20 (EROS)/outstanding amount.
5. Pre-adjudication/shipping documents (E-form,GD,CNIC,S.Sheet,Invoice)
6. Legal notice
(Maintain the sequence)
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 After collecting all the required documents from authorized dealers FEOD issue legal
notice and after 21 days FEOD, as a complainant, finally lodges a complaint (on the
prescribed format attached) against the exporters for non-realization of export proceeds in
FEAD under Section 23B(4) of FERA, 1947.
 In the same manner, complaints are also to be lodged against the concerned AD under
Section 23B(5) of FERA who fails to submit pre-adjudication information/documents as
and when called by FEOD, SBPBSC.
Demo for Required documents: Formatted: Font: Bold, Italic
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Current Export overdue position of Sialkot officeExport Overdue Position

of Sialkot Region:
Since 1969 To 29-July-2019.
Total (outstanding) overdue cases are 5244.
Amount are $ 79,229,990.
Since 1969 to July 2019
Overdue Case 5244
Amount US$ 79 million
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Conclusion: Formatted: Font: (Default) Times New Roman, 14 pt, Bold
There is larger number of overdue cases with smaller amount at Sialkot region, Banks should put Formatted: Font: (Default) Times New Roman, 12 pt
their efforts for realization of cases, limits should be set and policy can be made that banks will Formatted: Font: (Default) Times New Roman, 12 pt
not certify further E-Forms for parties exceeding certain limit of overdue E-Forms/amount. Formatted: Font: (Default) Times New Roman, 12 pt
Banks should be penalized for late reporting in EORS and late submission of documents to SBP-
BSC.
Timeline for reporting of realized cases should be decided just like over dues and realized cases Formatted: Font: (Default) Times New Roman, 12 pt
should be reported in V-21(EORS) within prescribed time. Formatted: Font: (Default) Times New Roman
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References: Formatted: Font: (Default) Times New Roman, 14 pt, Bold

 http://www.sbp.org.pk/about/Intro.asp Formatted: Font: (Default) Times New Roman, 14 pt, Bold
 http://www.sbp.org.pk/sbp_bsc/index.asp Formatted: Font: (Default) Times New Roman
 http://www.sbp.org.pk/sbp_bsc/deptt/index.asp Formatted: Font: (Default) Times New Roman
 http://www.sbp.org.pk/sbp_bsc/BSC/epd/index.htm Formatted: Font: (Default) Times New Roman
 https://www.investopedia.com/terms/e/export.asp Formatted: Font: (Default) Times New Roman
 http://www.sbp.org.pk/fe_manual/pdf/2018/Chapter-12.pdf Formatted: Font: (Default) Times New Roman, 12 pt
 https://www.slideshare.net/zohra110005/ypip3-fead Formatted: Font: (Default) Times New Roman
 http://www.sbp.org.pk/epd/chapters/CHAPTER-2.pdf Formatted: Font: (Default) Times New Roman, 12 pt
Formatted: Font: (Default) Times New Roman, Font color:
Text 1
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Export Overdues Export Overdues: Prepared By: Hina Mukarram

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Export Overdues Export Overdues: Prepared By: Hina Mukarram

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HIRA SALEEMSUBMITTED BY: HIRA SALEEM

23 Demo for Required documents 14 Formatted ...

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Origins Formatted: Font: 13 pt

Because of the pivotal place a central bank

Quaid-i-Azam performing the opening ceremony

NIBAF is located in Islamabad with an office in Karachi.

INTRODUCTION OF SBP (BSC)

DEPARTMENTS OF SBP BSC

 Human Resource Management Department

Overall Experience of Internship:

We rotate to different Divisions:

ISSUANCE TREASUREY DIVISION:

PRIZE BOND DIVISION:

PRIZE BOND UNIT:

FOREIGN EXCHANGE OPERATIONAL DIVISION:

 Facilitating Importers and Exporters.

DEVELOPMENT FINANCE DIVISON:

ONSIGHT VERIFICATION UNIT:

ACCESS TO FINANCE UNIT:

REFINANCE SCHEME UNIT:

STAFF MATTER UNIT:

MEDICAL SERVICES UNIT:

General services unit:

 Computer consumerable store

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Methodology: Formatted: Font: 14 pt, Bold

Introduction/Summary of the Project: Formatted: Font: 14 pt, Bold

Form-E is the essential document for Export. Formatted: Font: Italic

Form-E is being issued in following two formats:

a) Electronic Form-E (EFE)

a) The exporter will submit Form-E request electronically through WeBOC to an

a) Authorized Dealer can cancel EFE after it is submitted by the exporter.

MODE OF EXPORT PAYMENT(Payment)

 Open Account Formatted: Font: (Default) Times New Roman, 14 pt

 Documentary collection Formatted: Font: (Default) Times New Roman, 12 pt

Method and period of Payment:

Reporting of overdue cases:

Instructions of Export overdue reporting in FE Manual:

Types of complaints dealt by FEAD

Processing of Complaint Lodged in FEAD by FEODProcessing

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Current Export overdue position of Sialkot officeExport Overdue Position

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