Demand Drafts

Demand Draft is the most economical way to make payments or transfer funds overseas and it is safe, secure and convenient form of money transfer. The procedure for demand draft is quick and simple. Customers that are desirous to get demand draft can visit their nearest Sadiq Exchange Company (PVT.) LTD branch and submit a simple given application form. The customer only needs to provide his/her personal and recipient’s details at the application form. The customer makes the payment for Demand Draft in Pak Rupees at the prevailing exchange rate. Once issued Demand Draft is valid for a period of six months. In case demand draft is lost, stolen, or destroyed the sender can stop payment of the draft and receive a refund. However the refund can only be made if the draft has not been credited to a bank account. Most frequent uses of Demand Draft are International Education Fee Payments, Medical Expenses Abroad, Immigration Fee and Consultancy Fee.


Terms & Condition

  • Demand Draft is valid for a period of 6 months only.
  • Please take good care of your Demand Draft, as it may be dishonored if it is damaged. Sadiq Exchange Company (PVT.) LTD will not be able to help you in this regard.
  • You need to present the original Demand Draft in case of cancellation or refund.
  • If the Demand Draft is lost or stolen, it can only be cancelled after obtaining approval from issuing bank.
  • According to the State Bank of Pakistan, all KYC procedures will be followed for any transaction.
  • Expired CNIC/Passport will not be accepted.

About Us

Sadiq Exchange Company (PVT) Limited was registered and incorporated as Private Limited Company with Securities & Exchange Commission of Pakistan on August 3rd 2011. The Company was granted license by the State Bank of Pakistan on January 9, 2013 and commenced its operations in March 01, 2013, as per the guidelines laid down by the STATE BANK OF PAKISTAN.The Company is a good corporate citizen. It always operates within the provision of the national and international law.