Circulars/Notifications - Exchange Policy Department  
FE Circular No. 07 of 2015

June 03, 2015

The Chief Executives of
Exchange Companies of ‘A’ Category

Dear Sirs / Madam,

Collection of Utility Bills and Installation of ATMs

Attention of the exchange companies is invited to instructions contained in FE Circular No. 09 dated July 30, 2002 and other instructions defining the scope of business of exchange companies.

In order to enhance the scope of business of exchange companies, it has been decided to allow exchange companies of ‘A’ category to enter into agreements with utility companies like WAPDA, KE, PTCL, SSGC etc. for collection of utility bills in PKR on their behalf. A copy of the final agreement between a utility company and an exchange company shall be submitted by the exchange company to the Director, Exchange Policy Department, State Bank of Pakistan, Karachi for information.

Further, exchange companies are also allowed to install banks’ ATMs for PKR at their branches as per the terms and conditions agreed upon between the respective bank and the exchange company without getting prior approval of the State Bank of Pakistan.

Yours truly,


( Moinuddin )
Additional Director

About SBP
Economic Data
Press Releases
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Contact us
What's New?
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Rupey ko Pehchano
Zahid Husain Memorial Lecture
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.