All Authorised Dealers
in Foreign Exchange
OF TUITION AND OTHER FEES
of the authorised dealers is invited to paragraph 39VI of
chapter XVII of FE Manual, 1992 (7th Edition) in terms of
which they are authorised to remit living expenses on monthly
basis and lapsed quota for 3 consecutive months can also
be remitted with the subsequent monthly remittance.
It has come to our notice that the restriction of monthly
remittance of living expenses is causing difficulties to
students studying abroad as well as their parents/financers.
Taking into account the genuineness of difficulties experienced,
it has been decided to relax the restriction of remittance
of living expenses on monthly basis. Henceforth the living
expenses can also be remitted for a period of 3 to 4 months
in advance at the option of parents/financers subject to
the condition that remitter gives an undertaking that in
case the studies are discontinued earlier, the excess remittance
will be brought back to Pakistan by the remitter.
Para 39VI of chapter XVII of FE Manual, 1992 (7th edition)
adverted to in paragraph 1 above may please be amended accordingly.