We thank you for your continued patronage of Citibank N.A. Pakistan and its products. Our primary objective is to deliver exceptional services and provide you with the most up-to-date regulatory information, allowing you to fulfil your business requirements in a secure and efficient manner.
We would like to draw your attention to the EPD Circular Letter No. 08 of 2022 dated: May 18th, 2022, issued by the State Bank of Pakistan (SBP) wherein they have clarified that the remittance of foreign exchange, directly or indirectly, outside Pakistan for engaging in overseas foreign exchange trading, margin trading, and contract for difference (CFD) trading apps/websites/platforms (such as OctaFX, Easy Forex, etc.) through any payment channel is prohibited under section 5(1) of The Foreign Exchange Regulation Act (FERA).
In accordance with the instructions from the State Bank of Pakistan, we are obligated to inform our esteemed clients about the illegality of engaging in such trading activities with any individual or entity.
Should you have any concerns or require further clarity, please reach out to Service and Relationship Management team.