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Circulars

Allowance to the Non-residents (including overseas Pakistanis) to freely Trade in the registered WAPDA Bonds (6th Issue) on reportable basis

October 25, 1994
46639

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

Attention of Authorized Dealers is invited to F.E. Circular No. 53 dated the 23th March, 1994 in terms of which non-residents (including overseas Pakistanis) have been allowed to trade freely in the registered WAPDA Bonds (6th Issue) on reportable basis. The procedure of reporting inward/outward remittances to be followed in this behalf is appended:-

Code List No.5 – Invisible Receipts
I - Long – term capital
D - Portfolio Investment in Pakistan

  Purpose Description Code No.
7. Private
portfolio
investment 		Remittances received by
Private Sector on account
of sale of shares, bonds
(including WAPDA bonds),
debentures, PTC Vouchers etc. 		9814

Code List No.7 – invisible Payments
I - Long – term Capital
D - Portfolio Investment in Pakistan.

  Purpose Description Code No.
  Portfolio
investment
private. 		Remittances on account of
sale proceeds of shares,
bonds (including WAPDA
bonds), debentures, PTC
Vouchers etc. of private
corporate sector. 		1814

2. As regards profit on WAPDA bonds on maturity and dividend on P. T. C. Vouchers, the following Code may be used:-

Code List No.7- Invisible Payments
C - Investment Income.

  Purpose Description Code No.
10. Profit Remittances on account of
Profit of foreign companies/
firms, banks, WAPDA bonds etc. 		1231
11. Dividend Remittances of dividend by
companies, Joint Ventures,
PTC Vouchers, etc. to
foreign shareholders. 		1232

3. The above amendments may also be carried out in the list supplied to them along with System Diskette vide our Circular No.23/FEP-14(22)-94 dated the 13th July, 1994.