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Circulars

Extension in Home Remittance Services

September 12, 2022
3721

The Presidents/Chief Executives of all

Authorized Dealers in Foreign Exchange

Dear Sir/Madam,

Extension in Home Remittance Services

  1. Attention of Authorized Dealers (ADs) is invited to FE Circular No. 11, dated October 22, 2018 and related instructions issued on the subject, from time to time, regarding receipt of foreign remittance from Business to Customer (B2C) and Customer to Business (C2B) transactions through home remittance channel.
  2. With a view to facilitate the stakeholders in providing relief and rehabilitation support to the affectees of torrential rains and flash floods across Pakistan, it has been decided to allow the foreign remittances on account of donation and charity through home remittance channel with immediate effect. Accordingly, the following amendments have been made in the relevant sections of Annexure-A to the above stated FE Circular No. 11 of 2018:
S # Transaction Type Transaction Limit Description and Entities Allowed
B. Consumer to Business
3. Donation/ Charity No Limit i. Donations/charity received in designated Federal, Provincial, Local Government bank accounts
ii. Donations/charity received in bank accounts of NGOs/NPOs/Charities permitted to receive contributions from abroad in accordance with applicable law and/ or policy.
C. Business to Business
1. Donation/ Charity No Limit i. Donations/charity received in designated Federal, Provincial, Local Government bank accounts
ii. Donations/charity received in bank accounts of NGOs/NPOs/Charities permitted to receive contributions from abroad in accordance with applicable law and/ or policy.
  1. All other instructions on the subject matter shall remain unchanged.
  2. ADs are advised to bring the same to the notice of all their constituents.

Enclosed:

Yours sincerely,

Dr. Asif Ali
Director