September 11, 2018: A delegation of All Pakistan Exchange Association, led by Mr.Allauddin Sheikh called on the Federal Minister for Finance, Revenue and Economic Affairs Asad Umar on Tuesday.
The delegation apprised the Minister of the services being offered by its members to the Pakistanis. The delegation also shared with the Minister the issues they had been facing due to smuggling of foreign exchange through various means. The members of the delegation also informed the Minister regarding the Regulatory requirements that were hindering the growth of this important sector.
The delegation shared their proposals for stopping the illegal export of US dollars from different channels and suggested measures to control under invoicing of imports.
The Finance Minister thanked the delegation for its valuable suggestions and assured them of his full cooperation in solving their genuine issues. He said that this service sector could also help in controlling Hundi and Hawala thereby ensuring remittance of foreign exchange through legal channels.
The delegation also shared with the Minister that their association has donated 20 million in the Dam Fund on the Fund Raising call from the Prime Minister. The Finance Minister appreciated and thanked the delegation for their contribution.
