FE
Circular No. 09 of 2006 |
July 14, 2006 |
The
Head/Principal Offices of allf
Authorized Dealers in Foreign Exchange
Dear
Sirs / Madam,
Remittance
of Membership/Affiliation Fee to Professional Bodies/Principals
Abroad
Attention of Authorized Dealers is invited to para 15 of
Chapter XVI of FE Manual (8th Edition 2002) in terms of
which Authorized Dealers are allowed to make remittances
on behalf of individuals covering subscriptions or membership
fee at actual, to bonafide scientific, technical, professional
and educational Institutions aboard. With a view to further
enhance scope of this permission, it has since been decided
that in addition to the individuals, the above facility
will also be available to institutions/professional bodies
in Pakistan with international affiliations. Consequently,
Authorized Dealers may allow remittances on account of membership/affiliation
fees payable by a local business/professional entity to
the principals abroad, in line with the instructions contained
in above mentioned para of FE Manual.
Authorized
Dealers are advised to bring the above to the notice of
all their constituents.
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Yours
faithfully,
Sd/-
(Azhar Kureshi)
Director
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