Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 14
April 16, 1995 

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

OPENING OF NON-RESIDENT PLS RUPEE ACCOUNTS BY FOREIGN SHIPPING COMPANIES / AIRLINES OPERATING IN PAKISTAN

Attention of Authorized Dealers is invited to F.E. Circular No. 12 dated the 20th March, 1995 on the captioned subject.

2. We have to advise that the shipping companies/airlines who have offices in Pakistan are also precluded from opening PLS rupee accounts. They can, however, open/maintain non-profit bearing resident rupee accounts for the purposes and subject to the conditions laid down in the above .F.E Circular.

3. Please bring the above to the notice of your constituents.

       
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