Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 24
November 06, 2000 

All Authorised Dealers
in Foreign Exchange

Dear Sirs,

AMENDMENT IN FOREIGN EXCHANGE MANUAL, 1992 (7th Edition)

Consequent upon repeal of Repeat Visit Regulations as advised vide F.E. Circular No. 21 dated the 13th October, 2000, the following amendments may be made in Chapter XVII - Foreign Exchange Manual (Seventh Edition, 1992) :-

i) Para 4(i)(a) may be changed to read as under:-
“Airlines/Shipping Companies/Travel Agents may sell tickets to Pakistan national resident in Pakistan against payment in Pakistan Rupees on production of Passport and in case the traveller is over 18 years of age also national identity card”.
ii) Para 4(ii) have been changed as under:-
“Travel against P.T.As / Tickets on PIA / Pakistan Shipping Companies as well as on foreign carriers, received from abroad may be allowed without approval of the State Bank of Pakistan”.
iii)Para 4(ii)(a), (b), (c) and (d) may be treated as deleted.

iv)Para 4(iii)(a) may be changed to read as under:-
“Travel by employees of Airlines/Shipping Companies and their dependents against 100% rebated/free tickets may be authorised by the carriers concerned. Travel by persons entitled to partly rebated tickets of PIA/Pakistan Shipping Companies may also be authorised by the carriers concerned”.
v)Para 4(iii)(b) may also be changed to read as under :-
“Travel against 100% rebated tickets on the inaugural flights and travel against complimentary tickets issued under IATA Regulations may also be allowed on foreign Airlines/Shipping Companies without any annual limit”.

2. Other instructions on the subject shall, however, remain unchanged.

3. Please bring the above changes to the notice of your constituents.

 
Yours faithfully,
-Sd-(M. R. MEHKARI)
Director
       
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