Original and current CNIC/NICOP/POC/ARC/Passport with valid visa is required for identity verification for all transactions.
Original and current CNIC/NICOP/POC/ARC/Passport with valid visa along with copy must be require for equal and more the $500 transaction.
Biometric verification is required for all Pakistani Nationals who are conducting selling transactions having value equal or above USD 500. In case if the BV cannot be obtained due to age issue or any other medical reason that has resulted in the loss gyrates then according to the LHC judgement transaction can be performed while obtaining NADRA verisys from the customer instead Bio Metric verification.
Customer who are eligible for bio metric verification has either to perform the BV or to submit the original E-Sahulat BV slip (where BVS is not available) for conducting each transaction. Same rule applies for customer who are performing the transaction on Nadra Verisys.
For any FCY purchase transaction having value USD 1,000 or above customer must have to provide the valid reason for purchasing the FCY which should be supported with the appropriate documentary evidence. Furthermore, customer has to submit the signed undertaking in which he categorically states that he has not purchased more than USD 10,000/per day and USD 100,000/ per annum.
Each customer can buy USD 10,000/per day. Please note that for conducting transaction having value USD 10,000 or equivalent in other currency has to conduct the transaction through cheque.
Any individual can buy upto USD 100,000/annum. Please note that for current year starting date of above threshold is 19-12-2021 which will end as on 31-12-2022.
EDD is required for all occasional customers/frequent customer conducting transaction having value or above USD 10,000 (only for customers who wish to purchase of the FCY).
EDD is required for all occasional customers conducting transaction having value or above USD 10,000 (only for customers who wish to dispose of the FCY).
EDD is required for all frequent customers conducting transaction having value or above USD 15,000 (only for customers who wish to dispose of the FCY).
Management approval is required for all critical customers that require EDD.
Management approval is required for conducting transaction with the PEP and for customers who are from high-risk jurisdictions.
No transaction of individual can be conducted on Authority letter.