Recently i withdraw $500 from foreign company into my Standard Chartered Bank PKR Account but the amount i received was Rs. 45,051/-
The foreign company told me that the fee charge from their bank is approx $15 and i will get $485 approx (48500 PKR) in my bank account.
I am not sure if the deduction was due to some Taxation or it was just interbank exchange cost.
The SCB even never send any Transaction Alert via Mobile / Internet email for any of these transactions and i have to login to my Internet Banking Portal every time to see if the money has been received or not.
Can anyone tell me if i need a foreign currency USD account for these kind of Swift Transactions. ?