IT Export Process — P@SHA Policy Portal

1

Signed contract with foreign client specifying scope, payment terms, currency (USD preferred).

2

Provide software development, IT services, BPO as per contract. Generate invoice.

3

Client pays via wire transfer / SWIFT to your Pakistani bank account. NO hawala/hundi.

4

Bank provides Foreign Exchange Remittance (FFR) or Proceeds Realization Certificate (PRCL).

5

WHT of 1% (or 0.25% if PSEB + Active Taxpayer) is final — no further tax on export income.

6

For services over USD 50K, may need to file GD via WeBOC. Bank handles most cases.

7

All export proceeds must be repatriated within 180 days per SBP regulations.

8

Declare export income, FFR/PRCL details in annual income tax return. Attach bank certificates.