Attention of Authorized Dealers is invited to FE Circular No. 08 dated March 19, 2003 on the captioned subject in terms of which Authorized Dealers are required to submit the data of foreign exchange transactions to Statistics and Data Warehouse Department (Formerly Statistics Department) on floppy diskettes up to 10th of each month. The data on trade (exports and imports) include information on commodity, country, currency, transaction type (Import / Export), amounts, etc.

In order to enhance the utility of the said data for policy formulation and financial planning, the existing format of foreign exchange returns has been revised to include additional information on quantity, unit of the commodity, mode of trade (Incoterm e.g. fob, c&f, etc) and price per unit. Schedules of exports (A-1/O-1, A-2/O-2, A-3/O-3) and schedule of imports (E-2/P-2, EL-2/EL-3) have also been revised accordingly. The revised schedules, code list of units for quantity and mode of trade (Incoterms) and revised reporting software can be obtained from Statistics & Data Warehouse Department or can be downloaded from State Bank of Pakistan website at link http://www.sbp.org.pk/fe_returns/index.htm. All other instructions on the subject will remain unchanged.

Consequently, Authorized Dealers are advised to supply the floppy diskette containing monthly foreign exchange data with additional information starting from the month of November 2006 and onwards to Statistics and Data Warehouse Department under the revised format by the due date for submission of these returns i.e. 10th of the following month. Authorized Dealers are further advised to properly record the additional information for all imports and exports at the time of transaction for onward supply of the same to SBP.

In case of any clarification / query, please contact Director, Statistics & Data Warehouse Department, State Bank of Pakistan at Fax 021-9212569 or e-mail [email protected]
Authorized Dealers are advised to bring the above to the notice of all their constituents.