Attention
of Authorized Dealers is invited to the instructions contained
in paragraph
19 - Chapter XVI of the Foreign Exchange Manual in
terms of which they may issue TCs / MTs / TTs or
drafts without limit against surrender of an equivalent
amount of foreign exchange, including foreign currency
notices, by any person - both Pakistan National and Foreign
National. It has been decided to place a maximum limit
of US$ 10,000 (or its equivalent in other currencies)
on each such transaction. It has also been decided that
this facility will be made available by the Authorized
Dealers to only those persons who hold a valid passport
and the amounts of TCs / MTs / TTs /drafts will be endorsed
on their passport. Authorized Dealers will report the
details of all such transactions on weekly basis, so as
to cover the transactions conducted from Monday to Saturday,
in the proforma given below, to the Director, Statistics
Department, State Bank of Pakistan, Central Directorate,
Karachi, so as to reach him by the next Wednesday.
Name
of the Persons tendering foreign exchange |
Nationality
|
Passport
No. and date and place of issue |
Value
of TC / MT/ TT / Draft issued |
Name
& Address of the beneficiaries |