KARACHI: In wake of changing global trade practices and to facilitate exporters, the State Bank of Pakistan (SBP) has relaxed its foreign exchange regulations allowing exporters to directly dispatch transport documents to buyers abroad against shipments valuing up to $100,000 or equivalent. The authorised dealers (banks) have been advised through a circular issued Monday by the SBP. The development is expected to provide manifold benefits to the local exporters including reducing the cost of doing business, efficient processing of export documents and improving competitiveness of Pakistani exports in the international market. Earlier, the carriers (shipping companies, airlines, railways, etc) were required to draw transport documents (bills of lading, airway bill, railway receipts) only to the order of an authorised dealer for exports taking place from Pakistan and the same were required to be dispatched to the buyer abroad through an authorised dealer. Published in Daily Times, December 12th 2017.