All Head Offices/Principal Offices of
Authorized Dealers in Foreign Exchange.

Dear Sirs,

DECLARATION OF CHINESE CURRENCY ‘RMB’ (YUAN)
AS APPROVED FOREIGN EXCHANGE FOR THE PURPOSE
OF THE STATE BANK OF PAKISTAN ACT, 1956.

All Authorized Dealers are advised that Government of Pakistan has declared Chinese Currency “RMB” (Yuan) as approved foreign exchange for all purposes of State Bank of Pakistan Act, 1956 with immediate effect.

2. In this context, a copy of Government of Pakistan’s Gazette Notification No. S.R.O. 250(1)/2003 dated the 6th March, 2003 is enclosed for information.

Endt. No. 06-A /EPP-8(28)T-2003 of date.
      Copy forwarded for information to: -
      (i). The Director, EPD, SBP, BSC (Bank), Karachi with a request to please circulate the above in his Area Offices.
      (ii). The Director, Accounts Department, SBP, Karachi
      (iii). The Director, Banking Inspection Department, SBP, Karachi
      (iv). The Director, Banking Policy Department, SBP, Karachi
      (v). The Director, Banking Supervision Department, SBP, Karachi
      (vi). The Director, Statistics Department, SBP, Karachi.

                                 Assistant Director