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021231
STATE BANK OF PAKISTAN
F.E. Circular No. 23
December
31, 2002
The
Head Offices of All Authorised Dealers
In Foreign Exchange.
Dear
Sirs,
REMITTANCE OF SURPLUS PASSAGE/FREIGHT COLLECTION ON FOREIGN AIRLINES & GSAs OF FOREIGN AIRLINES
Attention of the Authorised Dealers is invited to F.E. Circular No. 10 dated
the 27th August, 2001 on the subject noted above, in terms of
which they have been authorized to remit surplus freight collection of
foreign Airlines & GSAs of foreign Airlines and submit the requisite
statements/documents alongwith photo copy of Form ‘M’ to State Bank of
Pakistan for post-fact checking within 3 days of remittance.
2. It has now been decided to dispense with the submission of the
statements/ documents to State Bank for post-fact checking. Authorised
Dealers will, however, retain these documents at their end for subsequent
onsite inspections by Banking Inspection Department, State Bank of Pakistan.
3. It is further advised that item No. 15 “Amount Allowed” may be
added after the item No. 14 in the statement of F.P. Airline APP.V-34 of
Volume II of Foreign Exchange Manual, 8th Edition, 2002. A copy
of the same is to be submitted, within three days of remittance, to the
Director, Statistics Department, State Bank of Pakistan, Karachi.
Yours faithfully,
(M. R. Mehkari)
Director
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