Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 05
January 13, 1992 

All Authorised Dealers
in Foreign Exchange/Airlines/
Shipping Companies/Travel Agents,

Dear Sirs,

BOOKING OF PASSAGE AGAINST ENCASHMENT CERTIFICATE

At present two sets of encashment certificates are in vogue which are meant f or encashment of f foreign currency notes coins and other instruments brought from abroad by incoming passenger (paragraph 2 Chapter XI and Appendix V-13 of Exchange Control Manual 1987 ) and for booking of outward passage against enjambment certificates of Authorised Dealers (paragraphs , 5(111) and 8(e) (i) Chapter XVII and Appendix V-70 of Exchan6e Control Manual -1987). Since both the formats of encashment certificates are similar in nature, it has been decided to abolish the existing formats on Appendix V-13 and appendix V-70 and to introduce a new single encashment certificate (Appendix V-13) as per-copy enclosed which will be used both, for encashment of foreign exchange for local use and for recon version of unspent balance of Pakistan rupees in-foreign exchange as laid down in paragraph 39 Chapter XVII and for outward booking of passages of Pakistan nationals as laid down in paragraphs,5(iii) and 8(e) (i) Chapter,-XVII ibid.

2. Accordingly the following amendments may please be made in Exchange Control Manual (6th Edition, 1987) : -

(I) Volume - I

(a) The words "Appendix V-13" in bracket may be inserted in line 4 after the word 'Certificate' and before the Word.’ issued’ in sub-para (iii) of Paragraph 5 Chapter XVII.

(b) The words "Appendix V-70" appearing in bracket in line 3 of paragraph 8 (q) (i) Chapter XVII pay be replaced with the words Appendix V-13".

(c) The words 'Appendix V-13' in bracket may be inserted in line 4 after the word, "Certificate” and before the word “by" in paragraph 39 Chapter XVII.

(II) Volume II

(a) Appendix IV-13 may be replaced with the revised Appendix ‘IV-13"’ enclosed with this Circular.

(b) Appendix "V-70" may be deleted

Yours faithfully
(MUHAMMAD ISHAQUE)
Senior Deputy Director
       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.