Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Sirs / Madam,
of Surplus Cash US Dollars by the Authorized Dealers
of the Authorized Dealers (ADs) is invited to FE Circular
No. 5 dated June 14, 2005 in terms of which they were allowed
to sell their surplus cash US Dollars to the ten designated
Field Offices of SBP-Banking Services Corporation, as per
the laid down procedure.
It has now been decided that effective February 1, 2006,
only three offices of SBP-Banking Services Corporation,
namely Karachi, Lahore and Rawalpindi, will be accepting
cash US Dollars from ADs in the prescribed manner and the
facility shall cease to be available at all other locations
of SBP-Banking Services Corporation.
Authorized Dealers are requested to bring the above to the
notice of all their constituents.