These transactions involve the immediate sale or purchase of one currency against another, with same-day settlement. The Sales Desk provides competitive rates for transactions starting from US $5,000 or equivalent in other currencies. For smaller amounts, rate sheet pricing applies.
This refers to foreign exchange (FX) transactions that are settled on a future date, with the exchange rate fixed in advance. It allows clients to hedge against currency fluctuations. All transactions are regulated by the State Bank of Pakistan (SBP) and are confirmed through recorded telephone lines with the Sales Desk.
Foreign Bill Purchase (FBP) enables exporters to access PKR liquidity against export bills prior to maturity. A PKR discount rate is applied, and funds are disbursed in advance. Transactions are secured by export documents and executed through recorded calls with the Sales Desk.
FBD functions similarly to FBP but is denominated in foreign currency. The export bill is discounted using the Alternative Reference Rate (ARR) + Spread, and the FX amount is converted to PKR using the prevailing ready rate. Disbursement follows standard documentation and is confirmed over recorded lines.