Head
Offices/Principal Offices of all
Authorized Dealers In Foreign Exchange.
Dear
Sirs,
NGOs
AND UN (WELFARE) ORGANIZATION WORKING IN PAKISTAN
Keeping
in view the operations of NGOs and other UN (Welfare) Organizations
working in Afghanistan, it has been decided to allow them
to take out of Pakistan foreign currency and Pak rupees
over USD 10,000/ and Rs. 3,000/- respectively by opening
an account subject to the procedure explained in the following
paragraphs. Accordingly, following amendments may be made
in Chapter XVIII of FE Manual:
a)
Existing Para 7 may be re-numbered as 7(i)
b)
Following new Para may be added as Para 7(ii):
“As
an exception, rupee amounts encashed, at the interbank rates,
from foreign currency accounts of NGOs, UN/Other Donor Agencies,
funded through remittances from abroad, may also be allowed
to be taken to Afghanistan without any limit. Authorised
Dealers would issue Encashment Certificate and a Certificate,
in duplicate, stating that the foreign currency has been
encashed for the purpose of Afghanistan. One copy of this
certificate would be submitted to Customs Authorities and
the duplicate, stamped by Customs Authorities as ‘Amount
allowed to be taken out’, would be kept by the concerned
NGO/agency. The record of all such transactions would be
kept by ADs for SBP inspection.”
c)
Existing Para 10 may be re-numbered as 10(i).
d)
Following new Para may be added as Para 10(ii):
“As
an exception, NGOs, UN/Other Donor Agencies would be able
to draw foreign currency from their accounts without any
limit for taking it to Afghanistan to the extent of such
remittances. Authorised Dealers would issue Certificates
to these entities in duplicate, one copy of which would
be submitted to Customs Authorities and the second would
be kept by the concerned NGO/agency which would, however,
be stamped by Customs Authorities as ‘Amount allowed
to be taken out’. The record of all such transactions
would be kept by ADs for SBP inspection.”
Please
bring the to the notice of your branches and other constituents.
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