Regulatory Alerts2026-04-10 | EPD Circular Letter No. 08Amendment in Instructions Related to Inward Home Remittances
The Exchange Policy Department has amended Chapter 7 of the Regulatory Framework for Exchange Companies to facilitate inward home remittances. The updated instructions authorize Exchange Companies to execute forward sale transactions with Authorized Dealers for remittances received within five working days. All Exchange Companies must implement these revised provisions, detailed in Appendix-A, to ensure regulatory compliance.
Circulars/Notifications - Exchange Policy Department
EPD Circular Letter No. 08 of 2026
April 10, 2026
The Chief Executives, All Exchange Companies
Dear Sir/Madam,
Amendment in Instructions Related to Inward Home Remittances
Attention of Exchange Companies (ECs) is invited towards the instructions contained in Para 7, Chapter 7 of Regulatory Framework for Exchange Companies (RFEC).
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In order to facilitate Exchange Companies in mobilizing additional home remittances, it has been decided that they may enter into forward sale transactions with the Authorized Dealers against receipt of home remittances for a period up to 5 working days. Accordingly, sub-para 7 I(d) has been amended and a new sub-para 7 II has been introduced in Chapter 7 of ibid while the remaining sub-paras stand renumbered. The revised Para 7 of Chapter 7 is attached as appendix-A .
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ECs are advised to bring the above instructions in the knowledge of all concerned for compliance.
Encl: Appendix-A
Annexure-N
Yours truly,
(Dr. Asif Ali) Director