How to Claim the 1% or 2% Export Rebate (PRIE) in Pakistan

Pakistani exporters of goods and services can claim a rebate of 1% or 2% on the growth in their export proceeds, through their bank, under the State Bank's PRIE scheme. The rebate counts exports from 1 July 2026. Claims for the July to September quarter are due one month after the quarter closed, about 31 October 2026.

We read the State Bank of Pakistan (SBP) circular that created the scheme, SH&SFD Circular No. 05 of 2026 dated 24 August 2026, and both of its annexures on 8 October 2026. The scheme is called the Performance Based Rebate on Incremental Exports, or PRIE. "Incremental" means the extra you exported compared with last year.

Check that you are eligible for the PRIE rebate

All exporters of goods and services are eligible, with no size limit. You only get a rebate if your exports grew over the previous fiscal year. An exporter with no growth gets nothing. The claim form also asks if you are a corporate or an SME.

The fiscal year here runs from 1 July to 30 June. Only export proceeds that were realised in foreign exchange count. If you were paid in a currency other than US dollars, the bank converts it to a dollar value on the day the money was realised.

The rate depends on how much you grew in the year:

Work out your rebate before you apply

Your rebate is the rate times your extra exports. For a quarter, the extra is that quarter's exports minus the average quarter of the year before. Divide the extra by that average to get your growth rate, then pick the slab.

Here is an example we worked out from the claim form. It is not a real exporter. Say your average quarter last year was 1,000,000 US dollars. This quarter you exported 1,200,000 dollars.

1. Extra exports: 1,200,000 minus 1,000,000 is 200,000 dollars.
2. Growth: 200,000 divided by 1,000,000 is 20%, so the 2% slab applies.
3. Full rebate for the quarter: 2% of 200,000 is 4,000 dollars.
4. Paid now: 75% of that, which is 3,000 dollars.
5. Held back: the other 1,000 dollars until the year closes.

The rebate is paid in rupees. SBP uses the weighted average customer buying rate on its website on the day of payment. If your exports are flat or fall in a quarter, you get no quarterly payment for it.

Nominate one bank and ask it to file the claim

You do not apply to SBP yourself. You pick one designated bank, which collects all your export proceeds from every bank and files one claim to SBP's Financial Inclusion Support Department. Two senior bank officers must sign it.

If you export through more than one bank, the designated bank must still consolidate everything in one claim. Ask your bank's trade desk to confirm that it handles PRIE claims, because the circular tells banks to "extend necessary support" but does not say every branch is ready.

Ask the bank to prepare these items:

• The claim form (Annexure-II), filled in and certified by the bank.
• Export Proceeds Realisation Certificates (EPRCs) for all proceeds in the period.
• A Demand Promissory Note signed by you in favour of the bank, as set out in "Form-A".
• Your NTN and a signed declaration that the figures match your books and shipping papers.

Meet the deadlines for quarterly and yearly claims

The claim must reach SBP within one month after each quarter ends. The yearly claim has three months after the fiscal year closes. SBP processes claims in the order it receives them, so a late or incomplete claim waits.

We worked out the calendar dates from the "one month" rule. The circular does not print them, so ask your bank to confirm the exact cut-off day. Our guide to registering as an exporter on WeBOC covers the customs side you need before you can export at all.

Expect to repay if your year ends flat or down

The three quarterly payments are provisional. If your full year exports are the same as last year or lower, the money you received must go back. Your bank recovers it and sends it to SBP within 15 days of the year closing.

The undertaking on the form goes further. You agree to repay if the figures were wrong, or if shipping documents are later cancelled or reversed. SBP can also revoke a rebate for wrong information. Keep all original shipping documents, E-Forms and EPRCs for audit.

If you hold a rebate, do not spend it as profit until the year closes. For wider context on this year's export support, see our guide to the industrial policy and tariff cuts for exporters and the news on the ADB export accelerator programme.

Common questions about the PRIE export rebate

Do freelancers and IT exporters qualify?

The circular says exporters of goods and services are eligible. A service exporter must still have export proceeds realised through a bank and an EPRC, so check with your bank that your receipts are recorded that way.

Does the rebate cover all my exports or only the growth?

Only the growth. The rebate is 1% or 2% of the incremental exports, not of your total sales. If you exported the same as last year, you get nothing.

Can I claim the rebate for exports before 1 July 2026?

No. The circular says the scheme is effective from 1 July 2026, and the export year is counted from 1 July to 30 June.

What happens if the bank files late?

The circular sets one month for quarterly claims and three months for the yearly claim. It does not say what happens to a late claim, so ask your bank to file early and keep proof of the date.

Where can I read the official scheme?

On the SBP website under Circulars, as SH&SFD Circular No. 05 of 2026. The two annexures hold the instructions and the claim form.

How we verified this

What we checked, where we read it, and what we could not confirm.

Last checked 8 October 2026. All rates, payment rules, deadlines and the repayment rule come from SBP's SH&SFD Circular No. 05 of 2026 (24 August 2026) and Annexure-I and Annexure-II on sbp.org.pk, which we read in full. The example numbers and calendar dates are our own workings from those rules. We did not see a bank's internal PRIE process, so ask your bank how it handles claims.