Attention of Authorized Dealers is invited to F.E. Circular No. 20 dated the 2nd October, 2000 in terms of which it was decided that Small Indenting Houses/Agents whose indenting income does not exceed Rs. 5,000,000 (Rupees five million) per annum are not required to submit the above statement to State Bank of Pakistan.

2. It has now been decided that the above relaxation will be available to all those Indenting Houses/Agents whose indenting income does not exceed US$ 100,000 per annum.

3. Consequent upon the above decision the last line of para 2(i) (c) of Chapter XXI of the Foreign Exchange Manual (7th Edition, 1992) may be changed as “US$ 100,000/- per annum”.

4. Please bring the above change to the notice of your constituents in your area.