All
Authorized Dealers
In Foreign Exchange,
Dear
Sirs,
Attention
of Authorized Dealers is invited to F.E.
Circular No. 53 dated the 23th March, 1994
in terms of which non-residents (including overseas Pakistanis)
have been allowed to trade freely in the registered WAPDA
Bonds (6th Issue) on reportable basis. The procedure
of reporting inward/outward remittances to be followed in
this behalf is appended:-
Code
List No.5 – Invisible Receipts
I - Long – term capital
D - Portfolio Investment in Pakistan
| |
Purpose |
Description |
Code
No. |
| 7. |
Private
portfolio
investment |
Remittances
received by
Private Sector on account
of sale of shares, bonds
(including WAPDA bonds),
debentures, PTC Vouchers etc. |
9814 |
Code
List No.7 – invisible Payments
I - Long – term Capital
D - Portfolio Investment in Pakistan.
| |
Purpose |
Description |
Code
No. |
| |
Portfolio
investment
private. |
Remittances
on account of
sale proceeds of shares,
bonds (including WAPDA
bonds), debentures, PTC
Vouchers etc. of private
corporate sector. |
1814 |
2.
As regards profit on WAPDA bonds on maturity and dividend
on P. T. C. Vouchers, the following Code may be used:-
Code
List No.7- Invisible Payments
C - Investment Income.
| |
Purpose |
Description |
Code
No. |
| 10. |
Profit |
Remittances
on account of
Profit of foreign companies/
firms, banks, WAPDA bonds etc.
|
1231 |
| 11. |
Dividend |
Remittances
of dividend by
companies, Joint Ventures,
PTC Vouchers, etc. to
foreign shareholders. |
1232 |
3.
The above amendments may also be carried out in the list
supplied to them along with System Diskette vide our Circular
No.23/FEP-14(22)-94 dated the 13th July, 1994.