The Head/Principal Offices of

All Authorised Dealers

In Foreign Exchange

Dear Sirs/Madams,

Foreign Exchange Exposure Limit (FEEL)

Please refer to FSCD Circular No. 09 dated June 10, 2009 on the captioned subject.

1. In accordance with the changed market condition and trade volumes, State Bank of Pakistan has decided to increase the maximum cap on aggregate Foreign Exchange Exposure Limit (FEEL) of Authorised Dealers (ADs) to PKR 2,500 million effective from 16th May 2011.
2. Based on the review of the annual audited accounts, the FEEL of each Authorized Dealer will be advised separately.
3. All other instructions on the subject shall remain unchanged.