About Pakistan Currency Exchange

Company Profile

Overview

Pakistan Currency Exchange (Pvt) Ltd. traces its roots back to 1992, while the concept of a full-service exchange platform formally emerged on 20 June 2003 under the Companies Ordinance 1984, following the introduction of Exchange Company reforms in Pakistan. All services offered under PCE operate in accordance with the regulations and guidelines of the State Bank of Pakistan.

At PCE, we prioritise safety, compliance, and reliability in remittance and currency exchange services. We understand that sending and receiving money is more than a financial transaction—it is a matter of trust and emotion. Therefore, we focus on delivering a straightforward, secure, and customer-friendly experience through clear procedures, professional service, and operational transparency.

Over the years, our network has expanded to more than 100 branch locations across Pakistan, enabling greater accessibility for customers and strengthening our position as a trusted exchange company nationwide.

Regulatory History

Pakistan Currency Exchange (Pvt) Ltd. was incorporated on 20 June 2003 in Karachi. During previous decades, a significant number of Pakistani workers migrated to the Middle East, Europe, and North America, resulting in substantial growth in remittance inflows and the formalisation of the money exchange sector.

The State Bank of Pakistan initially authorised money changers in 1991. Subsequently, Bostan International was incorporated on 30 December 1992 and continued operating within the money-changing sector.

Following the issuance of SBP Circular FE No. 9 dated 30 July 2002 under the Foreign Exchange Regulation Act reforms, exchange companies were required to replace the earlier authorised money changer framework, with a final transition deadline of 30 July 2004. Pakistan Currency Exchange Company (Pvt) Ltd. was established to operate within this newly regulated environment.

The Securities and Exchange Commission of Pakistan (SECP) issued Certificate of Incorporation No. K-09411 (2002–2003). The State Bank of Pakistan subsequently issued Exchange Company Licence No. 13 through letter EPD/9180/24(31) EC-/2003 dated 14 November 2004, renewable periodically in accordance with regulatory requirements.

Leadership

Imran Ali Bostan — Director

Malik Tahir Abbas — Director

Khizar Hayat Khan — Director & Chief Executive Officer

Mission & Vision

Our mission is to provide transparent procedures and authentic financial services with accuracy, security, reliability, and convenience for every customer.

We adhere to industry standards for currency exchange and remittance services while ensuring prompt customer support through sound financial practices. PCE is committed to delivering remittance solutions that are secure, reliable, and convenient, supported by transparency, dedication, and collaboration with recognised international remittance partners.