All
Head/Principal Offices of Authorized Dealers
in Foreign Exchange.
Dear
Sirs,
PRE-PAYMENT
OF FOREIGN PRIVATE LOANS
All the Authorized Dealers are informed
that it has been decided to allow pre-payment of Foreign
Private Loans (other than the Government guaranteed loans),
on a case-to-case basis.
The above facility can be availed by borrowers who have
the Rupee counterpart available with them or they have the
capacity to generate Rupee funds at their own and that the
loans are otherwise remittable i.e. the remittance formalities
have been completed.
All
applications in this regard should be forwarded to Joint
Director (Investment) Exchange Policy Department, State
Bank of Pakistan, I.I. Chundrigar Road, Karachi with full
details for consideration and necessary approval.
Please
bring the above to the notice of the concerned constituents.