Regulatory Alerts2025-11-14 | EPD Circular Letter No. 10Added · Updated
Amendment in Instructions Related to Sale of Foreign Currencies to Individuals
Paragraph 5, Chapter 7 of the Regulatory Framework for Exchange Companies is amended to require that all foreign currency sales to resident citizens of Pakistan for deposit into foreign currency accounts be executed via account-to-account transfer. Exchange Companies must implement this change to promote a cashless economy and inform all concerned parties of the new compliance requirement.
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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