All Head/Principal Offices of
Authorized Dealers in Foreign Exchange

Dear Sirs/Madam

Release of Private Travel Exchange Quota (PTEQ)

In terms of the instructions contained in Para 18, Chapter XVII of the Foreign Exchange Manual (8th Edition –2002) the Authorised Dealers are allowed to release to Pakistan nationals resident in Pakistan, Private Travel Exchange Quota (PTEQ) of US$ 25/- per head (irrespective of age) on each visit to India. Further Zaireen nominated by the Federal Ministry of Religious Affairs to visit Muslim Shrines in India are eligible to draw exchange quota @ US$ 10/- per day per head on production of a copy of the nomination letter issued by the aforesaid Ministry. Zaireen proceeding to Ajmer for participation in the Urs of Hazrat Khwaja Moinuddin Chishti (R.A) are also allowed a further sum of US$ 25/- per head in addition to US$ 10/- per day per head to cover travel cost from Delhi to Ajmer and back.

In order to facilitate the passengers travelling from Pakistan to India, it has been decided that henceforth Authorized Dealers may issue PTEQ to the passengers travelling to India as per procedure laid down in Para 17 Chapter XVII of the Foreign Exchange Manual (8th Edition –2002) i.e. US$ 50/- per day subject to a maximum of US$ 2100/- per calendar year.

The following amendments have accordingly been made in the Foreign Exchange Manual (8th Edition – 2002):-

i) Para 17 (i) Chapter XVII

The word “India” appearing in the aforesaid Para stands deleted.

ii) Para 18 Chapter XVII

The words “India and” appearing in the heading and “(a) US$ 25/- per head (irrespective of age) on each visit to India and (b)” appearing in the 2nd line of the aforesaid Para stand deleted

Further the Para 18 (ii) has been deleted in its entirety.

Please bring the above to the notice of your constituents.