All
Authorized Dealers
In Foreign Exchange,
Dear
Sirs,
INWARD
REMITTANCES FROM ABROAD
We
have to advice that although there are restrictions on affording
credits to the foreign currency accounts of the persons
and companies notified in para
1 of F.E. Circular No. 18 of 1998, it is hereby clarified
for the information of the general public that there are
no restrictions on receipt of foreign exchange from abroad.
The Authorised Dealers may convert the amounts into Pakistan
rupees at their T.T. Clean spot buying rate obtaining on
the date of payment and pay the rupee equivalent to the
beneficiaries of the remittances or credit the amounts to
the beneficiaries rupee accounts.