All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
PAYMENT
OF COMMISSION OF EXPORTS
Attention of
Authorized Dealers is invited to Para
29(ii) (c) Chapter
XII of the Foreign Exchange Manual (Seventh Edition,
1992) in terms of which they are permitted to effect remittance
of commission/brokerage from Pakistan when the full export
proceeds are received in Pakistan provided the remittance
is made within three days of the receipt of export proceeds.
It has now been decided to enhance the above period from
three days to seven days.
2.
Consequently, the words "three days" appearing
in the 3rd line of the Para 29 (ii) (c) –
Chapter XII of Foreign Exchange Manual (7th Edition
1992) may be replaced by the words "seven days".
