Regulatory Alerts2026-03-24 | EPD Circular Letter No. 05 of 2026Added · Updated
Instructions regarding Foreign Currency Accounts 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 must amend Paragraphs 8A and 8B of Chapter 6, and Paragraphs 8 and 8A of Chapter 8 of the Foreign Exchange Manual to reflect these eligibility changes. Authorized Dealers are required to ensure compliance with all applicable rules, including SBP’s AML/CFT/CPF regulations, and notify constituents of these updates.
Topics
fx
aml
Share