Circulars/Notifications - Exchange and Debt Management Department  
 EDMD Circular No. 03
March 22, 2002 

All Scheduled Banks/NBFI’s

Dear Sirs,

Amendment in Special US Dollar Bonds Rules 1998

The Federal Government has notified the following amendments in the Special US Dollar Bonds Rules 1998 with immediate effect vide its S.R.O. (I)/2002 dated 22nd March 2002:

i. Sub-rule (3) of rule 5 shall be omitted; and

ii. Sub-rule (2) of rule 10 shall be omitted.

The above amendments shall immediately stop the following:

i. Sale of Special US Dollar Bonds against payment of the value in US Dollars.

ii. Payment of “Rupee Redemption Bonus of 5 %”, on maturity of three years Special US Dollar Bonds, for encashment in Pak rupees.

Photocopy of aforesaid Finance Division Notification is enclosed.

Yours faithfully
Sd/-
(MUHAMMAD SHAKIR)

Director
       
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