ECC approves incentives for exchange companies

MG News | December 31, 2021 at 06:56 PM GMT+05:00

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December 31, 2021 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Friday approved the incentives for exchange companies against the surrender of foreign exchange in the interbank market.

Under the chairmanship of Shaukat Tarin, Minister for Finance and Revenue, the committee decided to extend cash incentives of PKR 1 against surrender of each USD mobilized from inward remittances.

Exchange companies are required to surrender 100% of inward remittances in the interbank market.

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