Do you wish to retain your freelancing remittances in Foreign Currency?
Now UBL extends to you Exporter’s Special Foreign Currency Account!
Benefits that you will get
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Retain USD 5,000 per month (or equivalent FCY) or 50%, whichever is higher*, of your
proceeds in Foreign Currency against freelancing services abroad.
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Choice of Retention of funds in USD, GBP, EUR, AED and SAR
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Expedited Turnaround time for account opening and remittances
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75% withholding tax relief upon registration with PSEB and P@SHA
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Foreign Currency Debit Card (Coming Soon)
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Access to foreign currency funds at any point in time
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Minor can open an account along with the guardian
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Preferential Rates of Conversion from FCY to PKR**
*The remaining amount shall be credited to customer’s PKR account
**Only on UBL Freelancer account
Utilize your foreign currency funds for following transactions:
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Make personal or work-related payments in FCY through outward remittances
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Make payments with respect to capital and financial transactions, such as equity investment
abroad and foreign currency loan repayment, as per prevailing regulatory guidelines.
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Convert the funds in your PKR account and enjoy all permissible transactions locally
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FCY Cash withdrawal outside Pakistan
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Transfer of funds to and from customer’s other Exporter’s Special Foreign Currency account maintained with other Authorized dealer
Foreign currency cash withdrawal is not allowed within Pakistan
The funds cannot be transferred to any FCY/ FE 25 accounts