In order to facilitate Authorized Dealers
(ADs) in raising long-term funds from outside
Pakistan using foreign exchange future flows,
it has been decided to amend Chapter 10 and
Chapter 19 of the Foreign Exchange Manual
(FEM) by introducing following new paras:
1.Para 21 in Chapter
10: Framework Governing International
Payment Orders (IPOs) (enclosed as Annexure
– I).
2.Para 9 (iv-A) in Chapter 19:
Foreign Exchange Future Flow Transactions
Framework for Long Term Fund-Raising by
Authorized Dealers (enclosed as Annexure
– II).
Encl:
Annexure -I
Annexure - II