Regulatory Alerts2025-11-14 | EPD Circular Letter No. 10 of 2025Added · Updated
Amendment in Instructions Related to Sale of Foreign Currencies to Individuals
Exchange Companies must execute all foreign currency sale transactions to resident citizens of Pakistan for deposit into foreign currency accounts via account-to-account transfer. This requirement, effective immediately, amends Paragraph 5 of Chapter 7 of the Regulatory Framework for Exchange Companies to promote a cashless economy. Exchange Companies are required to disseminate these instructions to all concerned personnel for compliance.
Home
Circulars
EPD Circular Letter No. 10
Amendment in Instructions Related to Sale of Foreign Currencies to Individuals
November 14, 2025
546
The Chief Executives,
All Exchange Companies
Dear Sirs/Madams,
Amendment in Instructions Related to Sale of Foreign Currencies to Individuals
Attention of Exchange Companies (ECs) is invited towards the instructions contained in Para 5, Chapter 7 of Regulatory Framework for Exchange Companies (RFEC).
In order to promote cashless economy, it has been decided that, henceforth, all FCY sale transactions to resident citizens of Pakistan for the purpose of deposit into FCY account will be executed through account-to-account transfer. The above referred Para of RFEC stands amended accordingly
ECs are advised to bring the above instructions in the knowledge of all concerned for compliance.
Yours sincerely,
Dr. Asif Ali Director
Home — Circulars — EPD Circular Letter No. 10
Amendment in Instructions Related to Sale of Foreign Currencies to Individuals
November 14, 2025