RegAlert2025-08-01 | DMMD Circular No. 07Added · Updated
Foreign Exchange Exposure Limit (FEEL)
Authorized Dealers in Foreign Exchange are assigned a Foreign Exchange Exposure Limit equal to 7.5% of their Tier-1 Capital as disclosed in their latest annual audited financial statements. Each Authorized Dealer will receive its specific limit based on this capital position. The revised limits become effective on August 4, 2025.
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DMMD Circular No. 07
Foreign Exchange Exposure Limit (FEEL)
August 01, 2025
521
The Presidents/ Chief Executive Officers of
All Authorized Dealers in Foreign Exchange
Dear Sirs/Madams,
Foreign Exchange Exposure Limit (FEEL)
Please refer to DMMD Circular No. 16 dated July 22, 2020.
Given the changes in market conditions and trade volumes, and to facilitate Authorized Dealers (ADs) in their foreign exchange operations, it has been decided that FEEL shall be assigned to ADs equal to 7.5% of their Tier-1 Capital as disclosed in latest annual audited financial statements.
As per the above criteria, the FEEL of each Authorized Dealer will be advised separately based on its Tier-1 Capital position, as per its latest annual audited financial statements.
The revised limits would be effective from August 4, 2025. All other instructions on the subject shall remain unchanged.
Yours sincerely,
Dr. Mahmood ul Hasan Khan Director
Home — Circulars — DMMD Circular No. 07
Foreign Exchange Exposure Limit (FEEL)
August 01, 2025
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Source: State Bank of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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