All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
Authorized
Dealers are aware that dependents of Pakistan nationals
resident in Pakistan, who proceed abroad for education can
be released foreign exchange for their living expenses in
accordance with the instructions laid down in paragraph
39, Chapter
XVII of the Foreign Exchange Manual. Release
of foreign exchange to Pakistan nationals temporarily taking
residence abroad for medical treatment is approved by the
State Bank as per procedure laid down in paragraph
24 ibid. In addition, foreign exchange can
be remitted by residents to their families abroad against
surrender of Foreign Exchange Bearer Certificates vide F.E.
Circular No.55 of 1985.
2.
Enquiries have been received whether remittance of foreign
exchange for living expenses of families abroad not covered
by paragraph
24 and 39
quoted above, can also be made without surrender of Foreign
Exchange bearer Certificates, in case the family of a resident
Pakistani is temporarily living abroad due to some genuine
personal reasons. It is clarified that the State Bank would
provide foreign exchange for any such bonafide request provided
the following documents are submitted:-
-
An
application from Pakistan national resident in Pakistan
indicating the purpose for which the family went abroad
and the reason for its continued residence abroad and
the probable period of stay abroad.
-
A
certificate from Pakistan Embassy in the concerned country
confirming the reason of stay abroad of the family,
the expected period of stay, the number of persons in
the family and the amount required per month for their
maintenance. The certificate should confirm that the
concerned persons hold Pakistani passports.