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