Clarification
Yes
Yes
The banks may follow the normal banking practice
in this regard.
It
is obvious from F.E. Circular No. 15/1992 that
exchange risk will be borne by the customer
Yes.
FEBCs and DBCs can be issued by debit to
these accounts. However, surrender in USS in the
prescribed manner in respect of issue of
U.S. Dollar Bearer Certificates will
have to be made
In
the absence of clearing system with respect
to foreign currency accounts in Pakistan,
such transfers are not possible
Yes, at the exchange rate obtaining on the date
of deposit/withdrawal.
Payments within the country from these accounts
can be made in Pakistan rupees as well as in foreign
exchange at the current rate, at the option of
the account holder.
Yes, by debit to the account at the current rate
of exchange.