The
Head Offices of All Authorised Dealers
In Foreign Exchange.
Dear
Sirs,
REMITTANCE
OF SURPLUS PASSAGE/FREIGHT COLLECTION
ON FOREIGN AIRLINES & GSAs OF FOREIGN AIRLINES
Attention of the Authorised Dealers
is invited to F.E. Circular No. 10 dated the 27th August,
2001 on the subject noted above, in terms of which they
have been authorized to remit surplus freight collection
of foreign Airlines & GSAs of foreign Airlines and submit
the requisite statements/documents alongwith photo copy
of Form ‘M’ to State Bank of Pakistan for post-fact
checking within 3 days of remittance.
2.
It has now been decided to dispense with the submission
of the statements/ documents to State Bank for post-fact
checking. Authorised Dealers will, however, retain these
documents at their end for subsequent onsite inspections
by Banking Inspection Department, State Bank of Pakistan.
3.
It is further advised that item No. 15 “Amount Allowed”
may be added after the item No. 14 in the statement of F.P.
Airline APP.V-34 of Volume II of Foreign Exchange Manual,
8th Edition, 2002. A copy of the same is to be submitted,
within three days of remittance, to the Director, Statistics
Department, State Bank of Pakistan, Karachi.