The State Bank of Pakistan has recently launched an initiative to transform FX commercial remittance approval process, replacing the paper-based requests with electronic submissions. The digitization of the Foreign Exchange (FX) operations will now make processing not only efficient but also cost-effective for the end corporate client.
Vowing to stay ahead of digitization in Pakistan, UBL has complied with the SBP policies, to deliver its corporate clients with an efficient and robust FX case processing. At UBL, we understand how digitization is crucial to the efficiency of an organization and its internal processes and that’s why we have placed digitization at the core of our corporate customer service models. With the digitization of FX Cases, our corporate clients can now submit foreign remittance requests directly to us from wherever they are rather than paper-based requests. Our portal’s FX model will streamline your request process and make it a lot more efficient. This service also includes other digital banking features such as:
How to file your FX cases online?
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Step 2: Enter your Log-in ID and Password.
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Step 3: Select ‘FX Cases’.
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Step 4: Select ‘New Cases’ under FX Cases to initiate a case.
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Step 5: Select ’Type’ and ‘Purpose’.
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Step 6: Fill in the online case form with basic beneficiary information.
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Step 7: Attach the necessary documents.
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Step 8: Click 'Submit' and confirm to receive your reference number.
Once the Bank Staff performs due verification, case status from the Portal can be checked from the ‘Status’ tab.
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