PGBX – Pakistan Gold Bullion Exchange
Effective Date: [Insert Date]

These Terms and Conditions (“Terms”) govern the access to and use of the website, platforms, and services provided by PGBX – Pakistan Gold Bullion Exchange (“PGBX”, “we”, “us”, or “our”), a company operating in Pakistan.

By accessing our website or using any of our services, you acknowledge that you have read, understood, and agreed to be bound by these Terms. If you do not agree, you must refrain from using our services.

1. Regulatory and Legal Framework

PGBX operates in accordance with:

Applicable laws of the Islamic Republic of Pakistan

Relevant rules, guidelines, and directives issued by regulatory authorities including, where applicable, the Securities and Exchange Commission of Pakistan (SECP)

Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Know Your Customer (KYC) regulations

Nothing on this website shall be construed as a violation or circumvention of Pakistani law or regulatory requirements.

2. Nature of Services (Bullion Trading)

PGBX facilitates the buying, selling, and trading of physical gold bullion, including but not limited to gold bars, coins, and other approved bullion products.

All bullion traded through PGBX:

Represents real, tangible, and identifiable physical gold

Is traded on a spot basis, with ownership transferring upon execution of a valid transaction

Is not a derivative, futures contract, or speculative instrument

PGBX does not offer leveraged, margin-based, or interest-bearing products.

3. Shariah Compliance

PGBX conducts its bullion trading activities in a manner intended to comply with Shariah principles, including but not limited to:

Prohibition of Riba (interest)

Avoidance of Gharar (excessive uncertainty) and Maisir (gambling)

Ensuring that gold transactions are conducted on a spot and ownership-based model, consistent with Islamic jurisprudence

All trades are executed on the basis of actual ownership, possession (physical or constructive), and price transparency.

Users are encouraged to consult their own Shariah advisors for personal religious assurance.

4. Eligibility and User Obligations

To use PGBX services, you must:

Be at least 18 years old

Have full legal capacity under Pakistani law

Not be prohibited from trading under any applicable law or regulation

You agree to use the services only for lawful purposes and in compliance with these Terms.

5. Account Registration and Verification

Users may be required to register an account and complete identity verification.

You agree to:

Provide accurate, complete, and up-to-date information

Submit KYC documentation as required

Promptly update any changes to your personal or business information

PGBX reserves the right to suspend or terminate accounts that fail verification or provide misleading information.

6. Pricing and Market Risk

Gold prices are based on international and local bullion markets

Prices fluctuate continuously and may change without notice

All transactions are executed at the prevailing market price at the time of confirmation

You acknowledge that bullion trading involves market risk and that PGBX does not guarantee profits or protect against losses.

7. Order Execution and Settlement

Orders are binding once confirmed

Settlement occurs on a spot basis, subject to operational processes

Transactions may not be canceled or reversed after execution, except where required by law or approved by PGBX

Ownership of bullion transfers to the buyer upon successful execution and settlement of the transaction.

8. Payment Terms

Payments must be made through approved and lawful channels

Third-party or suspicious payment sources may be rejected

PGBX may delay or block transactions for compliance, verification, or security reasons

Users are responsible for any applicable taxes, duties, or charges.

9. Delivery, Storage, and Custody (Where Applicable)

Where physical delivery or custody services are offered:

Delivery timelines are estimates and not guarantees

Custody arrangements may be governed by separate agreements

Risk and responsibility pass in accordance with the agreed delivery or custody terms

10. AML, CFT, and Compliance Monitoring

PGBX maintains strict AML and CFT controls and may:

Monitor transactions

Report suspicious activity to relevant authorities

Freeze or suspend accounts where legally required

Failure to comply with compliance requirements may result in immediate service restriction or termination.

11. Prohibited Activities

Users must not:

Use services for unlawful, fraudulent, or deceptive purposes

Engage in price manipulation or abusive trading practices

Attempt unauthorized access to PGBX systems

Violations may result in account termination and legal action.

12. Intellectual Property

All website content, trademarks, logos, and materials are the exclusive property of PGBX and may not be copied, modified, or distributed without written consent.

13. Disclaimer and Limitation of Liability

To the fullest extent permitted by law:

PGBX shall not be liable for losses due to market fluctuations

PGBX does not guarantee uninterrupted or error-free service

PGBX is not responsible for losses caused by force majeure events or third-party systems

Use of the services is at your own risk.

14. Indemnity

You agree to indemnify and hold harmless PGBX, its directors, officers, employees, and affiliates from any claims arising from:

Breach of these Terms

Violation of laws or regulations

Misuse of services

15. Suspension and Termination

PGBX may suspend or terminate access:

For breach of these Terms

For regulatory or compliance reasons

On instruction of a competent authority

Termination does not affect previously accrued rights or obligations.

16. Privacy and Data Protection

Personal data is collected and processed in accordance with applicable data protection laws and our Privacy Policy.

17. Governing Law and Jurisdiction

These Terms are governed by the laws of the Islamic Republic of Pakistan.
All disputes shall be subject to the exclusive jurisdiction of the competent courts of Pakistan.

18. Amendments

PGBX reserves the right to amend these Terms at any time. Updated Terms will be published on the website and become effective upon posting.

19. Contact Information

PGBX – Pakistan Gold Bullion Exchange
📧 Email: info@pgbx.com.pk