All 
                      Authorised Dealers
                      in Foreign Exchange,
                    Dear 
                      Sirs,
                    PAKISTAN’S 
                      CREDIT OF US$ 50 MILLION TO IRAQ
                    Attention of Authorized 
                      Dealers is invited to F.E. Circular No.65 dated the 1st 
                      March, 1989 read with F.E. Circular No.20 dated the 22nd 
                      March, 1990 regarding Pakistan’s credit of US$ 50 
                      Million to Iraq.
                    2. It has since been 
                      decided to allow export of (I) Plastic Erasers and (ii) 
                      Plastic Rulers under the captioned Credit provided that 
                      these items are locally made. Accordingly the above items 
                      may be included in Annexure 'A' attached to F.E. Circular 
                      No.65 of 1989 under Sl. No.23 "Stationery items" 
                      added vide our F.E. Circular No.20 of 1990.