The Presidents/Chief Executives of all

Authorized Dealers in Foreign Exchange

Dear Sir/Madam,

REVISION OF SELECTED CHAPTERS OF THE FOREIGN EXCHANGE MANUAL

1. As Authorized Dealers are aware, the State Bank of Pakistan is in the process of revising the Foreign Exchange (FE) Manual in consultation with different stakeholders, including Authorized Dealers, in the phased manner. In this respect, seven chapters of the FE Manual have already been revised through FE Circular No. 14 dated November 29, 2018 and placed at the SBP’s website.
2. Now, the following three chapters of the Manual also stand revised:

3. The above revised chapters of the FE Manual are being replaced with the existing chapters at the SBP’s website which are available at the link: https://www.sbp.org.pk/laws-regulations/foreign-exchange-manual.
4. Authorized Dealers are advised to bring the above development to the notice of all their constituents for meticulous compliance.