Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 05
February 09, 1995 

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXPORT OF COTTON

Attention of the Authorized Dealers is invited to F.E. Circular No. 61 dated the 9th September, 1987 which contains the procedure for export of cotton in the Public / Private sectors including the Export Price Check mechanism.

2. Ministry of Commerce, Government of Pakistan have issued SRO No.93(1)/95 dated the 2nd February, 1995 allowing the export of cotton of 1994-95 crop by the private sector exporters subject to certain conditions mentioned therein. The instructions contained in F.E. Circulars No.61 dated the 9th September, 1987, No. 69 dated the 20th October, 1987, No.77 dated the 4th December, 1988 and No.82 dated the 7th December, 1988 would not, therefore, apply to export of cotton of 1994-95 crop for which contracts have been registered with the Export Promotion Bureau. Export of cotton of 1994-95 crop against contracts registered with the State Bank of Pakistan for 1993-94 crop would, however, continue to be subject to the instructions contained in the aforesaid circulars.

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

       
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