All
Authorized Dealers
In Foreign Exchange,
Dear
Sirs,
CONVERTIBLE
RUPEE ACCOUNTS OF DIPLOMATIC MISSIONS/DIPLOMATIC OFFICERS,
U.N. & ITS ORGANIZATION IN PAKISTAN
As
per the instructions contained in paras
8 and 9
– Chapter
XVI of the Foreign Exchange Manual (7th Edition
1992), the convertible rupee accounts of diplomatic missions/officers,
United Nations and its Organizations can be debited for
outward remittances, local disbursements and credit to any
other convertible/Non-convertible rupee account. The said
rules do not permit the banks maintaining the convertible
accounts to issue travelers cheques expressed in foreign
currency or foreign currency notes by debit to these accounts.
2.
It has since been decided that in case the Diplomatic Missions,
Diplomats, United Nations Organizations and International
Organizations maintaining convertible rupee accounts so
desire, the Authorized Dealers may issue foreign currency
travelers cheques/foreign currency notes by debit to the
respective convertible rupee accounts.
3.
As a consequence of the above, following may be added as
item (v) – in para
8 (a) – page 120 – of the Foreign Exchange
Manual (7th Edition, 1992):-
"(v)
Issuance of foreign currency travelers cheques and foreign
currency notes."
