Dated the 21st July, 1998
In exercise of the powers conferred by sub-section (2) of
Section 8 of the Foreign Exchange Regulation Act, 1947 (Act No. VII of 1947), and in
supersession of State Bank of Pakistan Notification No. F.E.1/91-SB dated the 26th
February, 1991, the State Bank of Pakistan is pleased to permit :-
Authorized Dealers to send out of
Pakistan, cheques, drafts or bills of exchange which have been acquired by them in the
normal course of their business and within the terms of their authorization.
Any person maintaining an account
expressed in a foreign currency, and held under any permission, general or otherwise,
granted by the State Bank of Pakistan to take or send out of Pakistan, cheques or drafts
drawn on such account.
Any person, other than a person to whom
foreign exchange is issued for trvelling purposes only, to send out of Pakistan foreign
exchange issued to him by an Authorized Dealer.
Any person take out of Pakistan foreign
exchange issued to him by an Authorized Dealer in Pakistan and endorsed on his passport.
Any person not ordinarily resident in
Pakistan, to take out of Pakistan the unspent amount of foreign currency brought by him
into Pakistan provided the period of his continuous stay in Pakistan does not exceed three
Any person to take
out of Pakistan US $10,000/- or equivalent thereof in other foreign
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