All Authorised Dealers
in Foreign Exchange

Dear Sirs,

IMPORTS

In terms of Import Trade and Procedures Order 2000-2001 issued by the Ministry of Commerce vide thier Notification No. SRO. 489(1)/2000 dated the 17th July, 2000, the requirement of opening Letter of Credit for imports before shipment has been done away with. Thus, shipment of goods before opening of import letter of credit will no more construe to be a violation of the Import Trade and Procedure Order 2000.

Authorised dealers are advised to bring the above to the notice of their constituents.