All
Authorized Dealers
In Foreign Exchange,
Dear
Sirs,
ISSUE
AND TRANSFER OF SECURITIES IN FAVOUR OF NON-RESIDENTS-AMENDMENT
Authorized
Dealers are advised that the following amendments have been
made in Chapter-XX
of the Foreign Exchange Manual (Seventh Edition – 1992):-
-
Sub-par
(iv) of Para-6(a)
(I) will be substituted as under:-
"iv) – a firm (including Partnership &
Trust) registered outside Pakistan and a company or
other body corporate (‘Company’) incorporated
outside Pakistan (excluding branches in Pakistan of
such firms and companies and a firm/company owned or
controlled by a foreign government);"
-
In
Sub-para (g) of Para-6 words "rupee denominated"
will be added in the 1st line after word
"of".
.