In Foreign Exchange,
CREDIT OF US$ 50 MILLION TO IRAQ
of the Authorized Dealers is invited to F.E.
Circular No. 47 dated the 12th June, 1994
on the captioned subject.
2. It has
since been decided that the Clearances issued to the exporters
in terms of F.E. Circular No. 35 dated
the 31st March, 1994 which stand cancelled
in terms of F.E. Circular No. 47 dated
the 12th June, 1994 because of expiry of
the validity of United Nations Sanction Committees
clearances shall be deemed to have been revived for shipment
upto the 30th September, 1994 provided the exporters
produce to the concerned Authorized Dealer, United Nations
Sanctions Committees revalidation (for shipment
upto the 30th September, 1994) of the clearances
on the basis of which State Bank of Pakistans clearances
bring the above to the notice of your constituents.