Please
refer to the instructions contained in BPRD Circular No.23
dated July 2, 1998 on the captioned subject.
2
It is clarified that foreign currency deposits mobilized by
Investors Banks/Leasing Companies/Moddarabas through loans
from multilateral agencies abroad and the foreign currency
deposits so placed to hedge against the foreign exchange risk
are exempt from the purview of the above circular
3.
Other instructions on the subject shall remain unchanged.
Please acknowledge receipt
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