All Authorized Dealers in Foreign Exchange,
Exchange Companies & Pakistan Hotels Association.
Dear Sirs,
Selling
of Foreign Currencies other than US Dollar, Pound Sterling
and Euro to Exchange Companies by the Hotels under Restricted
Authorization
In order to facilitate Hotels having restricted Authorization
to deal in Foreign Currencies, it has since been decided
to allow all such Hotels to sell the foreign currencies,
collected by them in the normal course of business, other
than US Dollar, Pound Sterling and Euro to any of the Exchange
Companies established under F.E. Circular 09 dated July
30, 2002.