All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

PAKISTAN’S CREDIT OF US$ 50 MILLION TO IRAQ

Attention of the Authorized Dealers is invited to F.E. Circular No.16 dated the 15^th February, 1994 in terms of which the terminal date for completing shipments under the above Credit was extended upto the 30^th September, 1994.

2. It has since been decided to suspend the implementation of the instructions contained in the aforesaid Circular. Consequently, no shipment can now be made under the aforesaid Credit.

3. Please bring the above to the notice of your constituents.