All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
WINDING
UP OF OFFICES OF CHIEF
CONTROLLER OF IMPORTS AND EXPORTS
Pursuant
to the decision taken by the Government of Pakistan as contained
in Ministry of Commerces Public Notices No.1(2)/93-Imp.
I dated the 3rd July, 1993 copies whereof are
enclosed, the Offices of the Chief Controller of Imports
and Exports shall cease to function with effect from 15th
July, 1993 and import licenses shall no longer be issued
after that date. Therefore, effective 16th July,
1993, all letters of credit/contracts for import of commodities
shall be established/registered by the Authorized Dealers
without cover of import license on payment of prescribed
fee (wherever applicable under the Licenses and Permits
Fee Order, 1979) as per the procedure enunciated in Para
39, Chapter
XIII of the Foreign Exchange Manual (Seventh Edition,
1992) read with Import Control Orders, Import and Export
(Control) Act, 1950, Licenses and Permits Fee Order, 1979
and the Registration (Importers and Exporters) Order, 1992.
It may be added that Government Departments / agencies whose
letters of credit are routed through the area Chief Managers
of State Bank of Pakistan are exempt from payment of license
fee.
2.
For the convenience of the Authorized Dealers, Ministry
of Commerce has also issued a Comprehensive HandBook of
Procedure. The concerned officials should make themselves
abreast of the procedure to avoid any untoward incidence
with respect to legal provisions.
3.
The information which was being forwarded by the designated
branches of the Authorized Dealers on Annexure 'A' (F.E.
Circular No.31 of 1991) to the offices of the Chief Controller
of Imports and Exports on daily basis will now be sent to
the Ministry of Commerce, Islamabad on weekly basis.
4.
Consequent upon winding up of Chief Controller of Imports
and Exports Offices, the Registration Units of the
State Bank of Pakistan attached with the Chief Controller
of Imports and Exports Offices would also cease to
operate. However, public sector agencies like WAPDA, KESC
etc. which are allocated foreign exchange for their on Defence/Railways
account shall make applications to area Foreign contracts
registered with the Authorized Dealer/open letters of credit,
on Annexure 'I' to this Circular.
The Authorized Dealers will open letters of credit/register
the contracts in these cases on the basis of clearance to
be issued by State Bank Offices on Annexure
'I' to this prescribed fee. Authorized Dealers will
open letters of credit covering imports under foreign Aid/loans/credits
and grants on the basis of designation letters to be issued
by the Foreign Exchange Department, State Bank of Pakistan,
Central Directorate, Karachi after recovering the prescribed
fee. Other instructions regarding recovery of license fee
and its deposit in Government Account, issuance of Annexures
'A' & 'B' in respect of cases falling within the purview
of this Para will remain the same as advised in F.E. Circular
No.31 of 1991 as amended from time to time.
5.
Please acknowledge receipt.
No.
1(2)/93 Imp.I
Government of Pakistan
Ministry of Commerce
Islamabad
the 3rd July, 1993
WINDING
UP OF THE OFFICE OF
CHIEF CONTROLLER OF IMPORTS AND EXPORTS
It
is notified for information of all concerned that the office
of Chief Controller of Imports and Exports with its Headquarters
at Islamabad and Regional/Sub-regional Offices at 1993.
All items permissible for import against import licenses
shall thereafter be imported by the registered importers
against letters of credit established directly by authorized
foreign exchange dealers (banks) or against any other mode
of payment notified in the Import Policy Order in vogue
without obtaining import licenses. Detailed procedures which
have been finalized in consultation with the Trade and Industry,
State Bank of Pakistan, Pakistan Banking Council, Banks,
Customs and Export Promotion Bureau and are being notified
separately.
2.
It may be added that the registration of importers and exporters
and issuance of category Pass Books has been entrusted to
Offices of Export Promotion Bureau located at Islamabad,
Karachi, Lahore, Peshawar, Quetta, Hyderabad, Multan, Sialkot,
Gujranwala and Faisalabad. Till the establishment of an
EPB Office in Mirpur, the EPB Office, Islamabad shall perform
the requisite functions.
3.
A Facilitation Committee including representatives from
Trade & Industry and concerned Ministries/Agencies has
been set up in the Ministry of Commerce to look into day-to-day
problems and provide necessary guidance to Banks and other
agencies handling residual work of the Department of CCI&E
and also to suggest steps for further simplification of
procedures.
No.1(2)/93.
Imp.I
Government of Pakistan
Ministry of Commerce
Islamabad
the 3rd July, 1993
DISBANDMENT
OF OFFICE OF CHIEF CONTROLLER
OF IMPORTS AND EXPORTS GUIDANCE CENTERS
As
has already been published through the Press, the Office
of the Chief Controller of Imports and Exports is being
wound-up with effect from 15th July, 1993 and
its function stand transferred to Banks and other agencies.
2.
In order to ensure that the switchover is smooth and poses
no difficulty to the trade as well as the Banks and other
agencies, 11 Centers as detailed below are being set up.
These Centers will provide necessary assistance to the members
of the business community in case of any difficulty regarding
opening of letters of credit or other related matters. The
Centers shall start functioning with effect from 16th
July, 1993 and continue till 15th August, 1993:-
S.
No. |
Location
of the
Guidance Center |
Officer
Incharge |
Telephone
Number |
1. |
Islamabad |
Mr.
Jamshaid Khan
Deputy Controller I&E. |
212904 |
2. |
Lahore |
Mr.
Munawar A. Islam,
Deputy Controller I&E |
5864824 |
3. |
Peshawar |
Mr.
Muhammad Siddique
Executive Officer |
812150 |
4. |
Karachi |
Mr.
S.I.M. Nayyar,
Deputy Controller I&E |
4933182 |
5. |
Quetta |
Mr.
Ghulam Sarwar Brohi
Deputy Controller I&E. |
75204 |
6. |
Hyderabad |
Mr.
Ali Ahmed Lund,
Deputy Controller I&E |
83422 |
7. |
Multan |
Mr.
S.Wajid Ali Bukhari,
Deputy Controller I&E |
521735 |
8. |
Faisalabad |
Mr.
Muhammad Ali
Deputy Controller I&E |
57592 |
9. |
Sialkot |
Mr.
M. Tariq Pervez,
Deputy Controller I&E |
557298 |
10. |
Gujranwala |
Mr.
Riaz A. Jafari
Deputy Controller I&E |
80986 |
11. |
Mirpur
(AK) |
Mr.
Aslam Hayat
Executive Officer |
2267 |
3.
Effective August 16, 1993, Ministry of Commerce may be contacted
for any clarification on Telephone Nos. 812790, 823614 and
828693.