Remittance Facilities in Pakistan

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A. The drawing office will advise the Treasury Agency in the usual manner. At the close of the day all drawings will be listed in a schedule in the form laid down in paragraph 1-D of this Appendix the total of which will be credited to National Bank Central Accounts Section accompanied by the Schedule.

B. National Bank Central Accounts Section will respond to the total credit received by them each day by credit to the State Bank on Principal Account, and will list and forward the relative schedules to State Bank Central Accounts Section.

C. State Bank Central Accounts Section will respond immediately by credit to Remittance Clearance Account and will mark off the individual payments in the schedules as and when the relative vouchers are received for payment by debit to that account.

D. The National Bank’s remuneration these drawings will be the exchange charged thereon in terms of Appendices I, II, III an IV.

E. Under Paragraph 1-A of Appendix IV, no exchange is chargeable on "Government" Drafts drawn on Intra-Provincial offices and agencies, and the State Bank will, therefore, pay the National Bank each half year commission at the rate laid down in paragraph 4(a) of the Agreement between the State Bank of Pakistan and National Bank of Pakistan on the undernoted drawings effected by them:--

(i) Paragraph 4A(1)—National Bank "Government" Drafts drawn in Intra-Provincial offices and branches only.

(ii) Paragraph 4B(1) State Bank "Government" Drafts drawn on Intra-Provincial Treasury Agencies only.

F. To enable the National Bank claims for commission under E above to be calculated, the undernoted procedure will be adopted.

(i) National Bank "Government" Drafts paid by an office or branch within the same province as the drawing office will be submitted to State Bank Central Accounts Section half-yearly through National Bank Head Office, with a claim for the amount of commission due.

(ii) State Bank "Government" Drafts drawn on Intra-Provincial Treasury Agencies will be maintained by National Bank Central Accounts Section and a claim for the amount of commission due will be listed on separate schedules specially marked. A record of the total of such drawing schedules will be maintained by National Bank Central Accounts Section and State Bank Central Accounts Section and a claim for the amount of commission due will be submitted by the former to the latter half-yearly together with the claim referred to in sub-para. F(1) above.

3. The manner in which this procedure has worked, especially in regard to remuneration will be reviewed as and when considered necessary by the State Bank of Pakistan.

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1. Drawings under paragraphs 2C, 3B, 4B and 5C.

1. The drawing office will advise the Treasury Agencies in the usual manner. On presentation of the
   instrument, payment will be made to the debit of Government Account (Provincial), under the
   classification, "State Bank-Remittances-Payments". At the close of the day, all drawings will
   be listed in a schedule and forwarded with the relative drafts, and payees’ receipts in the case
   of telegraphic transfers to the local Accountant General, care being taken to see that the total of
   the schedule agrees with the total appearing under the relative head in the daily list of receipts and
   payments.
   

2. The local Accountant General will list and forward the schedules, with supporting vouchers, received by
   him each day to State Bank, Central Accounts Section, Karachi, and will respond to the entry of the
   Treasury Agency by debit to the State Bank Account in his books on receipt of intimation of adjustment
   from the State Bank.

3. State Bank Central Accounts Section will credit the amount immediately to the Provincial Government
   Account by debit to Remittance Clearance Account and will subsequently mark off the individual
   payments made by the Treasury Agencies in the schedules submitted by the drawing offices.

2. Drawings under paragraphs 5A and 5C.

State Bank Telegraphic Transfers and Drafts for the public, Scheduled Bank, Indigenous Bankers, etc., and Government Drafts:

1. The Treasury Agency will advise the office drawn upon in the usual manner. At the close of the day all dealings
   will be listed on a schedule in the form laid down in paragraph 1D of Appendix VI. The total of the "Exchange"
   and "Amount" columns will agree with the total appearing under the classification "State Bank-Remittances-
   Receipts" in the daily list of receipts and payments on Provincial Government Account which, together
   with the schedule and relative application forms, will be forwarded to the local Accountant General on the same
   day.

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