{
  "id": 3276490,
  "title": "Exporters With Higher Growth to Get 2% Rebate",
  "url": "https://urgent.news/2026/08/25/exporters-with-higher-growth-to-get-2-rebate",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-25T13:31:10.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/08/25/exporters-with-higher-growth-to-get-2-rebate/"
  },
  "original_language": "en",
  "account": "Effective July 1, 2026, the State Bank of Pakistan (SBP) has implemented a performance-based rebate scheme for exporters who experience growth in their export revenues compared to the previous fiscal year. The circular issued by the bank outlines the terms of this initiative, which applies to exporters of both goods and services.\n\nUnder the new scheme, exporters can receive rebates of up to 2% on incremental export proceeds, contingent on their export growth. For exporters witnessing a growth in export volume of up to 10%, a rebate of 1% of the incremental exports is granted. If export growth exceeds 10%, a higher rebate of 2% of the incremental exports is offered.\n\nIn cases where exporters do not show any increase in their export volumes, no rebate is provided. Additionally, exporters have the option to receive 75% of the applicable rebate on a provisional basis if their exports in any quarter surpass their average quarterly exports from the previous year. The remaining rebate will be settled once the fiscal year concludes.\n\nIf an exporter's total export proceeds for the full fiscal year surpass those of the previous year, the final quarter's rebate, along with any unclaimed amounts from earlier quarters, will be paid out. Conversely, if the total export revenue for the current year is equal to or lower than the prior year, provisional rebates paid during the first three quarters will be reclaimed by the designated bank and returned to the SBP within 15 days of the year-end.\n\nThe rebate calculation is based on the incremental export proceeds realized in foreign currency. For exports received in currencies other than US dollars, the amounts are converted into dollar equivalents using the exchange rate applicable at the time the proceeds are realized. Each exporter is required to appoint a designated bank to consolidate the export proceeds received through various banks within the same quarter. The exporter must then submit a combined rebate claim to the Financial Inclusion Support Department of SBP Banking Services Corporation. The designated bank's Chief Internal Auditor and Chief Compliance Officer are mandated to verify and sign off on these consolidated claims.\n\nTo ensure the smooth implementation of this scheme, SBP has directed banks to notify their exporting clients about the new initiative and provide the requisite assistance for its execution.",
  "summary": "A performance-based rebate of up to 2 percent has been introduced for exporters who increase their exports compared with the … Read More The post Exporters With Higher Growth to Get 2% Rebate appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}