Forex trade in Pakistan

Pakistan has a rather strict foreign currency exchange policy - even though many liberalization measures have been taken recently, it's still an economically isolated, or highly protected country. Pakistann currency - rupee, is highly regulated by the national banking authority - Reserve Bank of Pakistan, and so Pakistann citizens still cannot freely exchange rupee to other currencies, they have to prove their need and there are annual limits for different needs (more). Even popular money transfer systems such as Western Union - which is spread worldwide and available to everyone, are forbidden in Pakistan - residents can only receive money, but not send.

However, because of the globalization there is a definite need to open the economy, so Reserve Bank of Pakistan has been softening rules and regulations in recent years.

One of the important changes in regards to Forex trading is that in year 2008 Reserve Bank of Pakistan has finally allowed currency futures trading. Speculative trading became a permissible operation too - since it became impossible to ask for a proof of a hedging need.

We at Forex4you are happy that one of the biggest and the most perspective country in the world is finally joining the world of opportunities of Forex trading market!

More details are available on the official website of RBI - here.

Note that Pakistanian brokers are only allowed to provide USD/INR pair at the moment. Since we're located outside Pakistan, in British Virgin Islands, we do provide customers with many more pairs, many of which are much more interesting for traders because of their nature. Rupee, being a highly regulated currency, is not as volatile as other currencies and doesn't allow as much analysis since movements depend on RBI decisions and not on market events.

Our another advantage over brokers registered inside Pakistan is that we don't have any fees or minimum transactions/deposits. Services are much more affordable at our company!

Even though we're registered outside Pakistan, we do have an office in Mumbai where an Pakistann company that has a contract with us, provides our Pakistann stakeholders with support and consultations.