The Head Offices of All Authorised Dealers
In Foreign Exchange.

Dear Sirs,

REMITTANCE OF SURPLUS PASSAGE/FREIGHT COLLECTION
ON FOREIGN AIRLINES & GSAs OF FOREIGN AIRLINES

Attention of the Authorised Dealers is invited to F.E. Circular No. 10 dated the 27th August, 2001 on the subject noted above, in terms of which they have been authorized to remit surplus freight collection of foreign Airlines & GSAs of foreign Airlines and submit the requisite statements/documents alongwith photo copy of Form ‘M’ to State Bank of Pakistan for post-fact checking within 3 days of remittance.

2. It has now been decided to dispense with the submission of the statements/ documents to State Bank for post-fact checking. Authorised Dealers will, however, retain these documents at their end for subsequent onsite inspections by Banking Inspection Department, State Bank of Pakistan.

3. It is further advised that item No. 15 “Amount Allowed” may be added after the item No. 14 in the statement of F.P. Airline APP.V-34 of Volume II of Foreign Exchange Manual, 8th Edition, 2002. A copy of the same is to be submitted, within three days of remittance, to the Director, Statistics Department, State Bank of Pakistan, Karachi.