Foreign Exchange Facilities for Education & Medical Treatment Abroad

March 3rd, 2021

Resident Pakistani Nationals can avail facility of Foreign Currency through Meezan Bank for the following purposes:

Purpose: Medical Treatment of Resident Pakistanis

Maximum Limit: USD 50,000/- or equivalent in other foreign currency*

Terms:

• Remittances will be sent directly to the account of concerned reputable foreign hospital via SWIFT, Telegraphic Transfer or Demand Draft.
• Additional USD 5,000 in cash may also be released to the patient and one attendant who will be endorsed upon his/her/their passport.

Purpose: Education

Maximum Limit: Up to USD 70,000/- or equivalent in other foreign currency per student per calendar year*

Terms:

• Remittances will be sent directly to the account of concerned reputable foreign educational institution via SWIFT, Telegraphic Transfer or Demand Draft. There is no restriction to the number of institutions to which a student may apply.

NOTE: Living or miscellaneous expenses may be remitted directly to the student.

• Additionally USD 5,000 in cash may also be released to the student for boarding / expenses for the first time he/she travels abroad.

*In case Foreign Exchange requirement for studies / medical treatment exceeds above-mentioned limits, customer’s request will be forwarded to SBP-BSC Karachi along with documentary evidence for consideration.