All
Authorised Dealers
in
Foreign Exchange & Money Changers,
Dear
Sirs,
ESTABLISHMENT
OF SBP BANKING SERVICES CORPORATION AS A SUBSIDIARY OF THE
STATE BANK OF PAKISTAN
Authorized
Dealers and Money Changers are advised that as a consequence
of the promulgation of the Ordinance for the establishment
of SBP Banking Services Corporation (as a Subsidiary of
the State Bank of Pakistan), functions of the Exchange Policy
Department have been bifurcated as under:-
i)
All policy matters and investment related issues would be
dealt with by the Exchange Policy Department, State Bank
of Pakistan, I. I. Chundrigar Road, Karachi.
ii) All operational matters pertaining to foreign exchange
would be directly handled by the respective Area Field Offices
of the SBP Banking Services Corporation (Subsidiary).
iii) Foreign Exchange issues other than those mentioned
in paras (i) and (ii) above including general matters may
be referred to the respective Area field offices of SBP
Banking Services Corporation or Director, Exchange Policy
Department, SBP Banking Services Corporation, Head Office,
Subsidiary House, I. I. Chundrigar Road, Karachi.
