Circulars

TRADING IN QUOTED SHARES/SECURITIES THROUGH SPECIAL CONVERTIBLE RUPEE ACCOUNT

July 16, 1997
44260

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

TRADING IN QUOTED SHARES/SECURITIES THROUGH SPECIAL CONVERTIBLE RUPEE ACCOUNT

Attention of Authorized Dealers is invited to the instructions contained in Para 8 (ii) Chapter XX of the Foreign Exchange Manual (1992 Edition) in terms of which Authorized Dealers are required to submit a statement of requisite details as on 30th June each year of each such individual account. In order to ensure the uniformity, it is advised that the information in the consolidated form for period ended 30th June, even if it is nil shall be submitted by the Head Offices of the Authorized Dealers to the Joint Director (Investment) Foreign Exchange Department, State Bank of Pakistan, Central Directorate, Karachi in the format enclosed latest by 15th August each year.