The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange.

Dear Sirs/Madam

Daily Statement Showing the Inflow /Outflow
from Special Convertible Rupee Accounts (SCRAs)
on Account of Portfolio Investment at Stock Exchanges

Attention of Authorized Dealers is invited to SBP Circular No.295/INT-C/11(579)/2000 dated February 21, 2000 in terms of which they are required to submit the statement of Special Convertible Rupee Account on weekly basis.

To monitor the foreign Portfolio Investment in Pakistan closely, it has been decided to collect this information on daily as well as weekly basis. In this regard, Head/Principal Offices of all Authorized Dealers are advised to submit a statement on the enclosed proforma showing the position of Special Convertible Rupee Accounts (SCRAs) maintained with them by non-resident investors to State Bank of Pakistan.

The above information should be reported with immediate effect to Statistics Department, State Bank of Pakistan through Fax Nos. 021-9212569, 9212572 positively by 10.00A.M on each day for the position at the close of business on the previous day. In case of no transaction under SCRA a NIL statement should be reported. The time lines mentioned above are required to be adhered to strictly.

Please bring the above to the notice of all your constituents.

Encl. As above