The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Eligible Transactions
under Reimbursement of T.T Charges Scheme/
Diamer Bhasha and Mohmand Dam Fund
Attention of Authorized Dealers
(ADs) is invited to instructions contained
in FD Circular No. 07 dated September 7, 2018,
EPD Circular Letter No. 08 dated May 24, 2016
and EPD Circular Letter No. 12 dated June
01, 2015 regarding the related subject.
2. In this regard, it has been decided that
with immediate effect:
i. The amount received
by domestic banks from overseas Pakistanis
as donations/contributions for the ‘Prime
Minister and Chief Justice of Pakistan Fund
for Diamer Bhasha and Mohmand Dam’
through home remittance channel shall be
eligible to be claimed by the domestic banks
on account of ‘Reimbursement of TT
Charges Scheme’ during FY2018-19.
ii. Each transaction shall
include the name and/or unique reference
number of the originator/sender.
iii. Banks shall ensure
that each transaction is transferred on
the same day and that no transaction has
been split to avail undue benefit under
the Scheme.
3. All other terms and conditions/instructions
on the matter shall remain unchanged. Failure
to comply with the above mentioned instructions
shall attract penal action under the relevant
provision(s) of Foreign Exchange Regulation
Act, 1947.
4. Authorized Dealers are
advised to bring the same to the notice of
all their constituents.