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030412

STATE BANK OF PAKISTAN FOREIGN EXCHANGE DEPARTMENT KARACHI

F.E. Circular Letter No. 6
April 12, 2003

The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange.
Dear Sirs,

DECLARATION OF CHINESE CURRENCY ‘RMB’ (YUAN) AS APPROVED FOREIGN EXCHANGE FOR THE PURPOSE
OF THE STATE BANK OF PAKISTAN ACT, 1956.

All Authorized Dealers are advised that Government of Pakistan has declared Chinese Currency “RMB” (Yuan) as approved foreign exchange for all purposes of State Bank of Pakistan Act, 1956 with immediate effect.
 
2. In this context, a copy of Government of Pakistan’s Gazette Notification No. S.R.O. 250(1)/2003 dated the 6th March, 2003 is enclosed for information.
 
Encl. As above.
Yours faithfully,
 
  (SYED SAMAR HASNAIN)
Joint Director

Endt. No. 06-A /EPP-8(28)T-2003 of date.
 
Copy forwarded for information to: -
 
(i). The Director, EPD, SBP, BSC (Bank), Karachi with a request to please circulate the above in his Area Offices.
(ii). The Director, Accounts Department, SBP, Karachi.
(iii). The Director, Banking Inspection Department, SBP, Karachi
(iv). The Director, Banking Policy Department, SBP, Karachi.
(v). The Director, Banking Supervision Department, SBP, Karachi
(vi). The Director, Statistics Department, SBP, Karachi.
 
Assistant Director


GOVERNMENT OF PAKISTAN
(External Finance Wing)


NOTIFICATION
Islamabad, the 5th March, 2003

S.R.O. 250 (I)/2003.-- As per procedure laid down in section 19 of the State Bank of Pakistan Act, 1956, the Federal Government is pleased to declare Chinese currency “RMB” (YUAN) as approved foreign exchange for all the purposes of State Bank of Pakistan Act, 1956 with immediate effect.

(No. F. 4 (5) EF (G)/2003-137.)

SAJJAD AHMAD SHEIKH.

Deputy Secretary (EF-IFR Policy-II)


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