Authorized Dealers in
Attention of Authorized
Dealers is invited to F.E. Circulars Nos. 107 and 115 dated
the 11th and 25th July, 1991 respectively in terms of which
exporters have been permitted to retain export commission
differential up to 5% of FOB value of export proceeds realized,
in their foreign currency accounts in Pakistan for export
promotional publicity etc. in cases where the exporters
do not pay commission to the buyers/agents abroad or where
the quantum of commission payment is less than 5%. A clarification
has been sought whether this facility is also available
where export proceeds are realized under the ACU mechanism.
It is confirmed that the said facility is also available
where export proceeds are realized under ACU Arrangement.