Please
refer to FSCD Circular No. 4 dated February 16, 2007 and
FE Circular No. 5 dated May 09, 2008 in terms of which
ADs were allowed to sell their surplus cash US dollars
and UK Pound Sterling (GBP), Euro (EUR) and UAE Dirhams
(AED) to SBP-Banking Services Corporation Karachi Office,
as per laid down procedure.
Further in case of need ADs can now also take currency
notes of GBP, EUR and AED from SBP on confirmation of
credit of counter value in SBP’s Nostro Account
in respective currency as being done by them in case of
USD.
Other instructions on the subject will remain unchanged.
ADs are requested to bring the above to the notice of
all their constituents.