The Treasurer’s Guide to Trade Finance

Pakistan

Pakistan imports exports

Trade information

Key trading partners

Imports by origin

UAE 15.6%

China 14.8%

Saudi Arabia 10.7%

EU 10.4%

Kuwait 8.9%

Other 39.6%

Source: WTO, September 2012

Exports by destination

EU 25.0%

USA 15.1%

Afghanistan 10.5%

UAE 7.6%

China 6.6%

Other 35.2%

Bank accounts

ƒ Resident companies cannot open local
currency (PKR) bank accounts outside
Pakistan.

ƒ Resident companies can hold foreign
currency bank accounts in Pakistan but they
are subject to restrictions. Resident foreign
exchange accounts cannot be credited
with the earning from residents’ services,

overseas offices, branches of Pakistani

companies and banks, the proceeds from

exports or any foreign exchange that has

been purchased in Pakistan.

ƒ Non-resident companies can hold local

currency and foreign currency bank accounts

in Pakistan.

Principal exports

Textiles (garments, bed linen, cotton cloth, yarn),
rice, leather goods, sports goods, chemicals,
manufactures, carpets and rugs.

Documentation

Imports

ƒ Bill of lading, delivery order, certificate of
origin, commercial invoice, a customs import
declaration, insurance certificate, and a
packing list.

Exports

ƒ Bill of lading, certificate of origin, commercial
invoice, a customs export declaration,
pre-shipment inspection report, insurance
certificate, packing list and a foreign
exchange authorisation.

Licences

Imports

ƒ 1,209 specific items are subject to import

controls.

Exports

ƒ None.