All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
RESTRICTION
ON TRAVEL DURING HAJJ SEASON
Attention
is invited to F.E. Circular No. 55 dated the 27th
March, 1991 in terms of which relaxation in certain regulations
relating to import and export of currency notes and foreign
exchange and retention of foreign currency in Pakistan were
made.
2.
The instructions relating to import and export of currency
notes have further been relaxed. Accordingly, the following
amendments may please be made in the Foreign Exchange Manual,
6th Edition, 1987:-
- Vol-I-Chapter
XVIII
- i)
Paragraph
2 may please be replaced by the following:-
"However,
under Notification No.FE.
5/92-SB dated the 28th December, 1992
State Bank has granted general permission for bringing
into Pakistan Currency Notes of the Government of Pakistan
and State Bank of Pakistan Notes up to an amount not
exceeding Rs.500.00 add Rs.3000.00 in value from India
and any country other than India respectively in all
per person at any one time".
ii)
The words "Notification No.FE.3/91-SB dated the
26th February, 1991" appearing in Paragraph
3 may be amended to read as Notification No.FE.
5/92-SB dated the 28th December, 1992.
iii) Paragraph
5 may please be replaced by the following:-
"State
Bank has granted general permission vide Notification
No.FE.4/92-SB dated
the 28th December, 1992 for taking out of
Pakistan currency notes of Government of Pakistan and
State Bank of Pakistan notes up to an amount not exceeding
Rs.500.00 and Rs.3000.00 in value to India and any country
other than India respectively in all per person at any
one time."
iv) Paragraph
7 may please be replaced by the following:-
"Pakistan
currency notes up to Rs.500.00 and Rs.3000.00 which
the persons leaving Pakistan are permitted to take with
them to India and to any country other than India respectively
are not intended for expenditure in foreign countries
but are meant for immediate expense on their return
to Pakistan. Authorized Dealers should bring this to
notice of the travelers when issuing exchange to them
for travel purposes."
3.
The copies of the Notifications No.FE.4/92-SB
and No.FE. 5/92-SB both
dated the 28th December, 1992 is enclosed.