in Foreign Exchange
YEARLY STATEMENTS SUBMITTED BY THE INDENTING HOUSES/AGENTS
is invited to the instructions contained in paragraph 2(i)
Chapter XXI of the Foreign Exchange Manual (7th Edition,
1992) in terms of which Indenting Houses/Agents are required
to file with State Bank of Pakistan half yearly statements
of their commission earnings in foreign exchange on (Appendix
It has since been decided that the small Indenting Houses/Agents
whose indenting income does not exceed Rs.5,000,000(Rs.
five million) per annum are not required to submit the above
statement to the State Bank of Pakistan.
Consequent upon the above decision a new sub-para (c) may
be added after para 2(i)(b), Chapter XXI of the Foreign
Exchange Manual (7th Edition, 1992) as under:-
The statements/documents as provided in sub-paragraph 2(i)(a)
and 2(i)(b) will not be required to be submitted by the
Indenting Houses/Agents whose indenting income does not
exceed Rupees five million per annum
Please bring the above change to the notice of your constituents.