Authorized Dealers are aware, the State
Bank is in the process of revising the
Foreign Exchange Manual in consultation
with different stakeholders including
Authorized Dealers in the phased manner.
2. In this regard, initially the following
chapters of the Manual stand revised:
Chapter 1: Introductory.
Chapter 2: Authorized Dealers.
Chapter 3: Restricted Authorization
to deal in Foreign Exchange.
Chapter 4: Forward Exchange Facilities.
Chapter 5: Nostro Accounts & Foreign
Exchange Exposure Limits of Authorized
Chapter 7: Non-Resident
Rupee Accounts of Authorized Dealers’
Overseas Branches, Foreign Correspondents
and Non-Resident Exchange Companies.
Chapter 19: Loans, Overdrafts and
3. It may be noted that previous
Chapter 3 has been merged with the
revised Chapter 2 and a new Chapter
3, as indicated above, has been created.
4. The relevant chapters of the Foreign
Exchange Manual are being replaced
with the revised chapters at the State
Bank’s website which are available
at the link: http://www.sbp.org.pk/fe_manual/index.htm.
5. Authorized Dealers are advised
to bring the above development to
the notice of all their constituents
for meticulous compliance.