All
Authorized Dealers
In Foreign Exchange,
Dear
Sirs,
OPENING
OF NON-RESIDENT PLS RUPEE ACCOUNTS BY FOREIGN SHIPPING COMPANIES
/ AIRLINES OPERATING IN PAKISTAN
Enquiries have been received
whether the foreign shipping companies/airlines which are
operating their ships/aircraft’s in/through Pakistan
can open non-resident PLS rupee accounts with the Authorized
Dealers in Pakistan. It is clarified that they cannot do
so. The foreign shipping companies/airlines can, however,
open non-profit bearing non-resident current accounts with
the Authorized Dealers in Pakistan after obtaining specific
permission from us. These accounts will obviously be opened
for the purpose of keeping the freight/passage collections
in Pakistan pending authorization of State Bank of Pakistan
for remittance of such funds from the country.