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STATE BANK OF PAKISTAN
FOREIGN EXCHANGE MANUAL
INTRODUCTORY
1. Foreign Exchange Ragulation Act, 1947
and Notifications issued thereunder.
Foreign Exchange Policy and its operations in Pakistan are formulated and regulated
in accordance with the provisions of the Foreign Exchange Regulation Act, 1947.
The object of this Act is to regulate, in the economic and financial interest
of Pakistan, certain payments, dealings in foreign exchange, securities, import/export
of currency and bullion. Under the Act, the basic regulations are issued by
the Government of Pakistan and the State Bank in the form of Notifications which
are published in the official Gazette. The Act, as amended up-to date, is reproduced
at the end of the Manual as Appendix I. Notifications issued by the Government
of Pakistan under the Act, except those issued in terms of sub-section (2) of
Section 19, sub-section (2) of Section 23 and Section 23-B are reproduced.....
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