Currency Exchange Between Friends Similar To Hawala/Hundi
There is nothing wrong with this transaction. What is prohibited in Pakistan are ‘ Hawala or Hundi Transactions ‘ where foreign currency which was meant for Pakistan does not reach Pakistan througn official banking channels, rather it gets disrupted through Hawala/Hundi. In this scenario, foreign currency was never meant to be sent to Pakistan to begin with, and secondly the transaction is taking place through official banking channels where proper international bank accounts are kept by both the parties.