Major Source of Information: STATE BANK OF PAKISTAN'S GUIDELINES FOR IMPORT (Chapter 13 IMPORT)

Import of goods into Pakistan is regulated by the Ministry of Commerce, Government of Pakistan through Import Policy Order (IPO). Ensure that the goods to be imported are clearly classifiable under the applicable IPO. If you do not follow the rules, commodities may be seized or penalties for breaking the Imports and Exports (Control) Act, 1950's IPO rules may be applied. In any such case, creating a letter of credit, registering a contract, and/or sending money in shall also be considered violation of the Foreign Exchange Regulations.
Imports can be made on FCA and CPT basis. Ex-works (EXW) may be allowed subject to the condition that remittance against import shall be made against presentation of shipping documents at the applicant’s bank counter and insurance from the supplier’s warehouse is arranged by the applicant.

2. Modes of Payments for Imports Imports into Pakistan can be made using any of the following modes:
3. Electronic Import Form (EIF) all importers of goods in Pakistan shall submit a declaration, while undertaking an import transaction, in the prescribed manner and to the prescribed authority, stating that the payment against the goods imported/to be imported has been or will be made through an Authorized Dealer in Pakistan, where required, as per the instructions issued by the State Bank of Pakistan from time to time. Accordingly, for imports through Web Based One Customs WEBOC, all importers of goods are required to make a declaration to the Customs Authorities in WEBOC on Electronic Import Form (EIF) before filing of Goods Declaration through an Authorized Dealer. Authorized Dealers shall approve EIF request submitted by the importers upon i) making advance payment; ii) establishment of letter of credit or iii) receipt of shipping documents under registered contract/on collection basis from the corresponding bank abroad. For imports made on Open Account basis, an importer shall get the EIF approved from an Authorized Dealer before clearance of goods by Pakistan Customs (Open account shall include import transactions in which documents have been received by importer/Authorized Dealer directly from the foreign supplier). The Authorized Dealers may approve the EIF request upon submission of photocopies of shipping documents. However, payment shall be made by the Authorized Dealer.

4. Issuance of EIF The importer will submit EIF request electronically through WeBOC to a branch of an Authorized Dealer of its choice. The respective branch will electronically approve or reject EIF request after fulfillment of requirements against particular mode of payment as contained in this chapter. After electronic approval of EIF by the Authorized Dealer, the importer will attach GD in WeBOC with EIF for clearance of goods.

GUIDELINES For Importers Electronic I-Form (EIF) Using WeBOC from State Bank of Pakistan
GUIDELINES For Banks Users Electronic I-Form (EIF) Using WeBOC from State Bank of Pakistan

See Export from Pakistan