Regulatory Alerts2026-05-22 | FE Circular No. 01Distribution of Services by Intermediaries/Aggregators
This regulatory directive authorizes Pakistani companies acting as intermediaries for foreign digital service providers to process remittances, provided they are not involved in inward remittance-related businesses. Applicants must meet strict documentation and audit requirements, maintain dedicated local currency accounts, and operate under specific annual remittance limits, with oversight by Authorized Dealers. All arrangements are subject to ongoing compliance monitoring, including monthly reporting to the Foreign Exchange Operations Department and immediate referral of any suspicious transactions.
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