| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
030724
STATE BANK OF PAKISTAN FOREIGN EXCHNAGE DEPARTMENT
Circular Letter No. 15
/EPP.16(168)Rtn-2003
July 24, 2003
The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange.
Dear Sirs,
Monthly Foreign Exchange Returns- Clarification On Reporting For New FCAs (FE-25)
With the adoption of BPM-5, vide FE Circular No. 8 dated the 19th April 2003, in addition to other requirements; a mechanism has been developed for reporting of new Foreign Currency Accounts (FE 25) by classifying transactions of these accounts in Code Lists No. 5 & 7. For further clarification, the same are reproduced below:
| O-FINANCIAL ACCOUNTS | |
| Code No. | Description |
| I) Short Term Capital (RECEIPTS) | |
| 9524 | Borrowings by banks within Pakistan - FCA |
| 9525 | Withdrawals in Equivalent Pak Rupees from FCA-residents-individuals |
| 9526 | Withdrawals in Equivalent Pak Rupees from |
| FCA-residents-enterprises-Direct investment. | |
| 9527 | Withdrawals in Equivalent Pak Rupees from |
| FCA -residen ts-en terp rises-Port folio in vestmen t. | |
| 9528 | Withdrawals in Equivalent Pak Rupees from |
| FCA-residents-enterprises-other purpose | |
| 9529 | Withdrawals in Equivalent Pak Rupees from FCA-residents-General government |
| 9531 | Withdrawals in Equivalent Pak Rupees from FCA-non-residents |
| 9532 | Foreign currency accounts of residents- individuals |
| 9533 | Foreign currency accounts of residents- General government |
| 9534 | Foreign currency accounts of residents-enterprises |
| 9535 | Foreign currency accounts of non-residents |
| 9536 | Foreign currency accounts - NBFI's |
| SWAPS | |
| 9537 | Short-term SWAPS- inter-bank |
| 9538 | Short-term SWAPS-abroad |
| Placements | |
| 9539 | Withdrawal of Placements made within Pakistan |
| 9541 | Withdrawal of Placements made outside Pakistan |
| 9542 | Withdrawal from the balance of CRR/SCRR- SBP |
| Trade Finance | |
| 9543 |
Replenishment of FCA
from inter bank for settlement of FX loan (Pre-shipment) to exporters |
| 9544 |
Replenishment of FCA
from inter bank for settlement of FX loan (Post-shipment) to exporters |
| 9545 | Receipts against FX loan to importers |
| III) Other long-term Capital | |
| 9642 | Borrowings by banks within Pakistan-FCA |
| O-FINANCIAL ACCOUNT | |
| Code No. | Description |
| I) Short-term Capital (PAYMENTS) |
| 1522 | Foreign currency accounts of residents- individuals |
| 1523 | Foreign currency accounts of residents- General government |
| 1524 | Foreign currency accounts of residents-enterprises |
| 1525 | Foreign currency accounts of non-residents |
| 1526 | Foreign currency accounts - NBFI's |
| SWAPS | |
| 1527 | Short-term SWAPS |
| 1528 | Repayment by banks - abroad |
| 1529 | Repayment by banks within Pakistan |
| 1531 | Repayment by others |
| Placements | |
| 1532 | Placements within Pakistan |
| 1533 | Placements abroad |
| 1534 | Deposits with SBP for CRR/SCRR |
| Trade Finance | |
| 1535 | Sa/e to SBP of FX loans (F're-shipment) to exporters |
| 1536 | Sale to SBP of FX loans (Post-shipment) to exporters |
| III) Other Long-term capital | |
| 1642 | Repayment by banks within Pakistan- (FCA) |
| SWAPS | |
| 1643 | Long-term SWAPS |
| Placements |
| 1644 | Placements within Pakistan-(FCA) |
| 1645 | Placements made outside Pakistan |
All Authorised Dealers
are therefore required to report the transactions under new Foreign Currency
Accounts Scheme on Schedule J/O-3 (Invisible & Capital Receipts) and on Schedule
E3/P-3, E4/P-4 (Invisible & Capital Payments) with immediate effect.
Yours faithfully,
(SYED SAMAR HASNAIN)
Joint Director
|
|
|
|
|
|
| Home | About Us | Contact | Information Resources |