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.
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