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Remittances were legalized through the Money Service Bureau

KARACHI: The government has legalized remittances through the money service bureau. According to an official document, remittances through exchange companies and money transfer operators from abroad have been legalized. FBR has also withdrawn all appeals against remittances through these agencies.

The tax exemption available on remittances from abroad through the Money Service Bureau has also been legalized.

Money transfer through other small related institutions was also given the status of remittance through banks.

According to the document, the FBR has referred to State Bank Circular No. 5 in this regard. This measure is to ensure the uninterrupted movement of remittances.

Courtesy: bolnews.com

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