In 70`s Hundreds and thousands of Pakistani National immigrated to middle East, Europe, and USA for better future prospect and to earn liveli hood. Since then inward remittances increased manifold. During the next decade government of Pakistan is attracting Pakistani expatriot to invest in Pakistan market. Realizing the importance of inward remittances in the develepmont of economy government of Pakistan granted legal status to the money exchange business and state bank of Pakistan was instructed to encourage and facilitate the said business (year 1991).
During the period of Economic sanctions imposed by World community on the eve of Nuclear Detonation on May 28th 1998, key members of Forex Association of Pakistan (Representative body of Authorized Money Changers), imposed a ban on all foreign currency accounts under the instruction of state bank of Pakistan.
After the incident of 11th September 2001 in New York, USA and every other government started emphasizing on documentations on all intra country deals, bank transactions, etc, .responding to the call of day and changing global environment, state bank of Pakistan played important role in the documentation procedure of financial institutions including the Foreign Exchange dealers. Authorized Money changing Formulation of currency Exchange companies is first step toward strict documentation procedure.
Under the directive of state bank of Pakistan F.E. Circular No.9 Dated 30th July, 2002 promulgation on ordinance No. xxx of 2002 for the amendments in Foreign Exchange regulation act.1947) for establishment of Exchange companies, which required to replace the existing system of authorized Money Changers, last date mentioned as 30th July, 2004
In the light of the above fact, M/S Money Link EXCHANGE (PVT.) LTD was incorporated under the companies ordinance 1984 in Peshawar, Pakistan to cop with the present working environment, Security & Exchange Commission of Pakistan, vide company registration No. P-02169 of 2003-2004 (GCN 03083) issued certificate of incorporation dated 17-11-2003 furthermore, state Bank of Pakistan has also issued Exchange company License No. 15 dated 29-03-2004, under state bank of Pakistan Circular No: 09 dated July 30, 2002 and renewable after three years.
Since its incorporation, Money Link EXCHANGE (PVT.) LTD has been known by its customers for its best quality services at the national and international level. But now Money Link EXCHANGE (PVT.) LTD has come up with broader ideas as it now intend to provide clients worldwide with more enhanced range of services backed by stylish and modern Information Technology tools and softwares. Money Link EXCHANGE (PVT.) LTD as in its past willl always try hard to bring a much-deserved change in the money exchange market of Khyber PakhtunKhwa (K.P.K) through its revolutionary and competent services and marketing techniques that will play a major role in the business of Foreign Exchange catering to the customers on both national and international platforms.
AIMS & OBJECTIVES
Money Link EXCHANGE (PVT.) LTD is all about excellent service and attention to the finest details of business and personal forex needs of its targeted customers. Right from the very first day of its incorporation, Money Link EXCHANGE (PVT.) LTD has always listened carefully on providing the best quality service to its valued customers and that is the main reason that Money Link EXCHANGE (PVT.) LTD today holds the largest share in Pakistan's foreign exchange kerb market and stands as the most trusted name in this area of business. Money Link EXCHANGE (PVT.) LTD pursue the following aims and objectives and always formulate its operational policies and frame of work on them:
- To create a platform in the money market and provide best quality service to its customers.
- To continue as a market leader and always be the best in offering new and better financial services throughout Pakistan.
- To play a effective and supportive role with government in combating money laundering and other money related crimes.
- To enhance our market image and encourage adaptibility to the changing financial structure within the country quickly and effeciently.
- To have IT based systems and procedures in place to enhance the value and delivery of our products and services.
- To play a key role in the improvisation of our national foreign exchange reserves and always be a supportive hand to the governments in maintaining economic stability throughout Pakistan.
- To have a system and procedures in place which will be in compliance with the rules and regulations to place adequate check and balance in the company’s system of internal operations and in the areas of our business, which are most likely to be affected by money laundering and other money related crimes.
To improve our business relationships with national and international business firms, banks and financial institutions for the enhancement of our services and convenience to our valued customers.
We are committed in developing long-term relationships with our clients, Building confidence and trust in terms of services that we offer to them.
We are exceptionally passionate not only about our clients needs and wants but also economy of Pakistan.
We will bring the highest level of expertise in our business. Our staffs comprises of recognized experts in various industries, technologies and functional areas.
Our business requires a sixth sense to determine where to spotlight especially when it comes to due diligence and KYC. It requires "been there, done that" experience levels that let you know when something requires further investigation and to assess the immediate and longer-term implications of an issue. We are committed to the idea that our organizational and individual abilities can be refined over time through continous improvementin training, staffing and IT tools.
We are committed to the idea that technology is key to success in fast-changing economic environment and we aggressively leverage technology internally to provided streamlined processes and highly dependable solutions for our clients/services.
We provide the highest level of service on every assignment. We have assembled our marketing staff just like a project team based on the skills and backgrounds required to bring success to a particular project. Our employees give our clients their complete attention and commitment during the delivery of our services.
We are committed to meeting the needs of our clients within their time constraints, rather than expecting our clients to conform to a "cookie-cutter" methodology. We work quickly, yet with obsessive attention to quality and detail.
We insist on honesty and fairness as the guidelines against which all of our actions must be measured, and we dedicate ourselves to walking the high ground in all our actions and resources.
We are an equal oppurtunity employer with diverse work force to cater. We embrace a focus on ability and character as the driving forces for accomplishment in career advancement for all the needs of our customers.
We believe that the ability to see opportunity for our clients, and help them seize it, is the cornerstone of our service and is also central to the solutions we provide.
We work hard at being the best, we articulate how we want to work with one another, we constantly work to perfect the model and we reinforce behaviors that lead to top performance.
This is why we say ….. Our values are our assets.
OUR COMMITMENT AS EXCHANGE COMPANY:
We at Money Link Exchange understand the importance of the economic stability in the development of a country, Money Link Exchange (Pvt.) Ltd will always work for the betterment of the economy with respect to its service and innovative marketing techniques. We affirm that we will Inshallah, play a major role in increasing the national foreign exchange reserve to a massive volume in the coming day through our effort and will platy an effective role in combating against money laundering. As always, Money Link Exchange (Pvt.) Ltd will be a step ahead in taking every necessary step to make rules, regulation and policies, which may leave no stone unturned to safe guard against money laundering and all money related crimes. Money Link Exchange (Pvt.) Ltd also believes that the world has changed.
So much that the traditional way of doing business will not help individual or even nations achieve progress and prosperity . Money Link Exchange (Pvt.) Ltd believe that the use of IT in it business will introduce new horizons, improve efficiency, IT based transaction facilities ensure maximum security, benefits and best return.
Management of Money Link Exchange Pvt Ltd.
- Mr. Muhammad Shoaib
- Mr. Yasir Khan
- Mr. Kamran Khan
International Business Partners
- Malik Exchange. UAE
- Wall Street. UAE
Local Business Partners
- United Bank Limited
- The Bank of Khyber
- Allied Bank Limited
- Summit Bank
- Soneri Bank Limited
- Askari Bank
- Muslim Commercial Bank