Regulatory Alerts2026-03-24 | EPD Circular Letter No. 05Added · Updated
Instructions on Foreign Currency and Non-Resident Rupee Accounts
The scope of Foreign Currency Value Accounts, Non-Resident Pakistani Rupee Value Accounts, Foreign Currency Business Value Accounts, and Non-Resident Rupee Business Value Accounts is broadened to include all natural or juridical persons defined as non-residents under the Income Tax Ordinance, 2001. Authorized Dealers are required to allow these eligible persons to open, operate, and maintain the specified accounts. Paragraphs 8A and 8B of Chapter 6 and paragraphs 8 and 8A of Chapter 8 of the Foreign Exchange Manual are amended to reflect these changes, and Authorized Dealers must comply with all applicable rules including AML/CFT/CPF regulations.
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