Head
Offices/Principal Offices of
all Authorised Dealers in Foreign Exchange/
Shipping Companies/Airlines in Pakistan.
Dear
Sirs,
Rupee
Accounts of Shipping Companies/Airlines operating in Pakistan
Attention of the Authorised Dealers is invited to FE Circulars
No. 12 & 14 of 1995 and subsequent Circulars issued
on the subject. It has now been decided that shipping companies/airlines
having offices in Pakistan or operating their ship/airlines
in Pakistan can open and operate profit-bearing Pak rupee
accounts in Pakistan with the condition that profit so earned
would not be remittable but can be used for meeting local
expenses.
2.
Please bring the above changes to the notice of your constituents.