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Code List No. 7
(Invisible and Capital Payments)

Sr. No. Purpose Description Code No.
 

 

  

 

 A - TRANSPORTATION  

 
    Sea transport  
1 Operating expenses of Pak shipping cos Remittances made on account of operating expenses incurred by Pakistani shipping companies or their agents abroad on account of stevedoring, harbor fees, dry docking of ships, office maintenance 1010
2 Charter of ships with crew Remittances made on account of charter of ships with crew including demurrage and other claims incidental thereto This does not include Insurance claims 1011
3 Freight on commodity imports -sea Remittances made from Pakistan's own resources on account of payments of freight on imports (sea) including imports under foreign economic assistance 1012
4 Reverse remittances received by foreign shipping Cos or their agents Refund of amounts received by foreign shipping companies or their agents 1013
5 Reverse other transportation - sea Refund of amounts made under various items of other transportation-sea 1014
 

 

  

 

 Air transport  

 
6 Operating expenses of Pak airlines Releases made for operating expenses to Pakistani air companies abroad 1015
7 Charter of aircrafts Remittances made on account of charter of aircrafts to non-residents 1016
8 freight on commodity imports -air Remittances made from Pakistan's own resources on account of payments of freight on imports (air) including imports under foreign economic assistance 1017
9 Reverse remittances received by foreign airlines or their agents Refund of amounts received by foreign air companies or their agents 1018
10 Reverse other transportation - air Refund of amounts under various items of other transportation-air 1019
 

 

  

 

 Other transportation  

 
11 Operating expenses of Pak railways/road transport Releases made for operating expenses to Pakistani railways/road companies abroad 1021
11 Charter of Rail/Road equipments Remittances made on account of charter of rail/road equipments to non-residents 1022

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
13 Freight on commodity imports -others Remittances made on account of payments of freight on imports to Foreign rail and road transport 1023
14 Reverse other transportation -others Refund of amounts under various items of other transportation 1026
 

 

  

 

 B- TRAVEL  

 
 

 

  

 

 Business travel Official  

 
1 Official travel Releases made to Pakistani government and semi-government employees on official travel abroad Governments employees who are traveling on official business and are not stationed in the economies they visit and employees of international organizations on official missions are business travelers 1031
 

 

  

 

 Commercial  

 
2 Commercial Releases made to commercial travelers who visit abroad for sales campaigns, market exploration, or commercial negotiations on behalf of the nonresident enterprise that employs them Employees installing machinery or equipment (if the enterprise that employs them is not a resident of the economy where the installation takes place) and the crewmembers of carriers stopping off or laying over (Abroad) are classified as business travelers 1041
 

 

  

 

 Others  

 
3 Others Releases made to non-official private delegation and non-official in official delegation abroad other than commercial 1051
4 Re-conversion of unspent Rupee balance -Business/Official Releases to foreign nationals by way of recon version of their unspent rupee balances 1052
 

 

  

 

 Personal travel  

 
 

 

  

 

 Health related expenditure  

 
5 Medical Remittances made to Pakistani national on medical treatment abroad 1061
 

 

  

 

 Education related expenditure  

 
6 Students and trainees Remittances made to Pakistani students and trainees receiving education / training abroad 1071

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
 

 

  

 

 Others  

 
7 Holiday (on recreational tours abroad) Releases made for holidays abroad 1081
8 Recon version of unspent Rupee balance -foreign tourists Releases to foreign tourists by way of recon version of their unspent rupee balances 1084
9 Religious travel -

hojj

 Releases made for Ha]] only 1085
10 Religious travel -other - By air Releases made for religious travel traveling by air - such as Umrah, Zlarat, etc except Ha]] 1086
11 Religious travel -other - By land Releases made for religious travel traveling by land - such as Umrah, Zlarat, etc except Ha]] 1087
11 Salary of officials on leave abroad Releases made for leave salary to officials of govt and semi-govt Institutions by debit to their respective departmental allocations 1088
 

 

  

 

 C - COMMUNICATION SERVICES  

 
 

 

  

 

 Postal and courier services  

 
1 Postal and courier services Remittances made on account of foreign postal and courier services viz pick-up, transport, and delivery of letters, newspapers, periodicals, brochures, matters parcels, and packages, etc by national postal administration and other operators This also includes post office counter and rental services 1091
 

 

  

 

 Telecommunication services  

 
2 Telecommunication services Remittances made on account of telecommunications services viz , transmission of sound, images or other information by telephone, telex, telegram, cable, broadcasting, satellite, electronic mail, facsimile services etc This also includes business network services, teleconferencing services and support services 1101
 

 

  

 

 D - CONSTRUCTION SERVICES  

 
1 Construction services Remittances made on account of work performed on construction projects and installation by personnel of non- resident enterprises in Pakistan Goods imported by the enterprise for use in the projects are included in the value of these services rather than under goods This does not include expenditure for local supplies, which are included under other business services, local wages (under compensation of employees) and local taxes paid (under transfers) 1111

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
 

 

  

 

 E - INSURANCE SERVICES  

 
 

 

  

 

 Life insurance and pension funding  

 
1 Treaties and standing open cover-life This represents remittances of premium income on account of life 'Outward Treaty and standing open-cover Insurance' placed by Pakistani insurance companies with foreign insurers 1121
2 Surplus funds of foreign insurance cos - life Remittances made by foreign insurance companies (life) of surplus funds arising out of their operations in Pakistan 1122
3 Reverse surplus funds ofPak insurance Cos - life Refund by Pakistani insurance companies of their surplus funds arising out of their business in abroad 1123
4 Reverse of Life insurance and pension funds Refund of life insurance and pension funds 1124
 

 

  

 

 Freight insurance  

 
5 Insurance P & I Club Remittances made by Pakistani shipping companies on account of P&I club 1131
 

 

  

 

 Other direct insurance  

 
6 Treaties and standing open cover-marine This represents remittances of premium income on account of marine 'Outward Treaty and Standing Open Cover Insurance' placed by Pakistani insurance companies with foreign insurers 1141
7 Accidental and health insurance services Remittances made on account of accidental and health related services to foreign insurance companies 1142
g Motor vehicle insurance Remittances made on account of motor vehicle services to foreign insurance companies 1143
9 Surplus funds of foreign insurance Cos - marine Remittances by foreign insurance companies of surplus funds arising out of their business in Pakistan 1144
10 Marine and aviation and other transport insurance Remittances made on account of Marine, aviation and other transport insurance to foreign insurance companies 1145
11 Reverse other direct insurance Refund of other direct insurance receipts 1146

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
 

 

  

 

 Reinsurance  

 
12 Facultative reinsurance-life Remittances of premium income on account of life facultative reinsurance placed by Pakistani insurance companies with insurance companies abroad (Claims and commission remitted by Pakistani insurance to insurance companies abroad are also included) 1151
13 Facultative reinsurance-marine Remittances of premium income on account of marine' outward Facultative Re-insurance' placed by Pakistani insurance companies with insurers abroad (Claims and commission remitted by Pakistani insurance companies to foreign insurers are also included) 1152
14 Other non-life reinsurance services Remittances made to foreign Insurance companies (other than life) by insurance companies in Pakistan 1153
 

 

  

 

 Auxiliary services  

 
15 Auxiliary services Services auxiliary to insurance (including brokerage and agency services) 1161
 

 

  

 

 F - FINANCIAL SERVICES  

 
 

 

  

 

 (other than insurance)  

 
1 Bank commission and charges (financial intermediation services) Remittances made by banks operating in Pakistan to their branches and correspondents abroad on account of intermediary service fees such as on letter of credit, bankers' acceptances lines of credit, financial leasing and foreign exchange transactions This also includes commission and other fees related to transactions in securities-brokerage, placements of issues, underwriting, redemption, and arrangements of swaps and other hedging instruments etc 1171
2 Remittances for guarantees involved Remittances made on account of guarantees provided by Pakistani banks abroad 1172
3 Other financial services Remittances on account of other financial services like. Investment banking, mergers, acquisition, corporate finance, venture capital, securities brokerage, etc services 1173
4 Refund of financial services Remittances for the refund of financial services 1174
 

 

  

 

 G - COMPUTER AND INFORMATION SERVICES  

 
 

 

  

 

 Computer services  

 
1 Hardware consultancy services Remittances made on account of computer hardware consultancy services provided by non-residents in Pakistan 1181
2 Software consultancy services Remittances made on account of data base services provided by nonresidents such as development, storage, and on-line time series Also included is the data processing services provided by nonresidents in Pakistan 1182

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
3 Maintenance and repairs of computers Remittances made on account of maintenance and repairs of computers and peripheral equipment to non-residents 1183
4 Import of Computer Software Remittances made on account of import of computer software including design, development, and programming of customized system 1184
5 Other computer services Remittances on account of other computer services not specified elsewhere 1185
 

 

  

 

 Information services  

 
6 Payments to Journalists/authors Payments to journalists and writers on account of their contributions in Pakistani magazines, newspapers etc 1191
7 Subscription to news papers/ periodicals Remittances made on account of subscription to foreign newspapers and periodicals (not in bulk) abroad 1192
8 News agents and correspondents Remittances made to foreign newsagents and correspondents abroad for their services 1193
 

 

  

 

 H - ROYALTIES AND LICENSE FEES  

 
1 Royalties and trade marks Remittances made on account of authorized use of intangible, non-produced, non-financial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, franchises, etc) and with the use, through licensing arrangements of produced original or prototypes (such as manuscripts and films) 1201
 

 

  

 

 I - OTHER BUSINESS SERVICES  

 
1 Merchanting serv

Merchanting and other trade related services

Remittances made under merchantmg trade

 1211
 

 

  

 

 Operational leasing (rental) services  

 
2 Charter of ships without crew Remittances made on account of residents /non-residents transactions associated with charter of ships without crew This does not include insurance claims 1221
3 Charter ofaircrafts without crew Remittances made on account of residents /non-residents transactions associated with charter of aircrafts without crew 1222
 

 

  

 

 Miscellaneous business, professional, and technical services. Legal, accounting, management consultancy, and public relation services  

 
4 Legal services Remittances made on account of legal fees of lawyers 1231

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
5 Accounting, auditing, bookkeeping, and tax consultancy services Remittances made on account of accounting, auditing, bookkeeping, and tax consultant services 1232
6 Business and management consultancy, and public relations Remittances made on account of business and management consultancy form abroad 1233
7 Agency commission Remittances of commission and agency charges to foreigners This does not include bank commission and charges 1234
8 Printing charges of security documents Remittances made on account of printing of currency notes, stamps and other securities documents including mintage of coins, medals, etc 1235
9 Processing and repair fees Remittances made on account of processing of goods for improvement and repairs owned by Pakistan, such as refining petroleum & crude oil, transformation of cotton fabric, processing of iron or steel powder, and assembling bodies or chassis & engines, etc 1236
10 Advertising, market research, and public opinion polling Remittances made on account of advertisement services such as design, creation, and marketing of advertisements by advertising agencies, media placement, including the purchase and sale of advertising space, exhibition services provided by trade fairs, the promotion of products, market research and public polling abroad on various issues 1237
11 Research and development Remittances made on account of services associated with basic research, applied research, and experimental development of new products and processes Services associated with sciences, social sciences and humanities are covered Also included is the development of operating system representing technological advances 1238
12 Architectural, engineering, and technical services Remittances made on account of residents/nonresidents transactions relating to architectural design of urban and other development projects, planning and project design and supervision of dams, bridges, airports, turnkey projects, etc surveying, cartography, product testing, and certification, and technical inspection services 1239
13 Agricultural, mining, and on-site processing services Remittances made on account of services provided by nonresidents to resident covering services associated with agricultural crops (e g protection against insects and diseases, increasing of harvest yields, etc ) forestry services, mining-related services (e g, analysis of ores etc ) and on-site processing of goods that have been imported but not re-exported 1241

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
14 Refund and rebate Remittances made on account of loss in weight, quality, claims and difference in price, etc in respect of Exports 1242
15 Receipt of security deposits with tenders Refund of Security Deposits received with tenders submitted to Rice and Cotton Export Corporations 1243
16 Payments to Journalists Payments to journalists and writers on account of their contributions in Pakistani magazines, newspapers etc 1245
17 Technical fees Remittances on account of services rendered by foreign technician or consultants 1246
18 Miscellaneous services, ns e Remittances made on account of transactions between nonresidents /residents covering items such as placement of personnel, security and investigative services, photographic services, building cleaning etc (also included are payments for local supplies, utility payments, etc by residents enterprises engaged in construction services abroad) 1247
19 Reverse miscellaneous services Refund of receipts on account of various items under miscellaneous services 1248
 

 

  

 

 J - PERSONAL, CULTURAL, AND RECREATIONAL SERVICES  

 
 

 

  

 

 Audiovisual and related services  

 
1 Audiovisual and related services Remittances made on account of services and associated fees related to the production of motion pictures (on film or video tape), radio and television programs (live or on tape) and musical recordings Also included are payments on rentals, fees paid to nonresident actors, directors, producers, and etc for production in Pakistan Fees to actors, producers, etc involved with theatrical and musical production, sporting events, circus etc and fees for distribution rights (for television, radio etc ) for these activities are included 1251
 

 

  

 

 Other personal, cultural, and recreational services  

 
2 Payments to professional artists Remittances to foreign singers, musicians, wrestlers, sportsman, etc on account of their performance in Pakistan 1261
3 Other personal, cultural, and recreational services Remittances made on account of services such as those associated with museum, libraries, archives, and other cultural, sporting and recreational activities Also included are fees paid for services, including provision of correspondence courses, in Pakistan by foreign teachers and doctors 1262
 

 

  

 

 K - GOVERNMENT SERVICES, n.i.e.  

 
 

 

  

 

 Embassies and consulates  

 
1 Foreign Missions Remittances made by foreign missions and their attached offices in Pakistan 1271

Code List No. 7
(Invisible and Capital Payments)

Sr. No. Purpose Description Code No.
2 Military unite and agencies Remittances made by foreign official entities located in Pakistan such as military units, aid missions etc 1272
3 Government remittances not specified elsewhere Government remittances not specified elsewhere 1273
4 Reverse government remittances received Refund of government remittances received 1274
 

 

  

 

 International organization  

 
5 Remittances to International Organizations Payments made abroad by International Organizations and International bodies, and their attached offices in Pakistan 1281
6 Payment through international bodies Payments from International Bodies convertible Rupee A/c 1282
 

 

  

 

 L - INCOME  

 
 

 

  

 

 a) Compensation of employees  

 
1 Compensation of employees Payments made to foreign nationals / workers (living in Pakistan for less than one year) on account of wages, salaries, and other benefits, in cash or in kind, earned by them Also included are contributions paid by the employers, on behalf of the employee 1291
 

 

  

 

 b) Investment income - Direct investment  

 
 

 

 i) Income on equity  

 

  

 
2 Profits remitted by branches/and other unincorporated enterprises of foreign investment companies operating abroad Remittances made on account of distributed branch profits to Foreign investment companies, firms, and banks by their branches and other unincorporated enterprises (10% or more of the shares) operating in Pakistan 1301
3 Dividends paid to foreign investors Remittances made on account of dividends by companies, firms, and banks to foreign shareholders having direct investment (ownership of 10% or more) in the enterprises operating in Pakistan 1302
4 Purchase of crude oil/minerals extracted in Pakistan Remittances on account purchase of oil/minerals extracted in Pakistan 1303
 

 

 ii)Income on debt (interest)  

 

  

 
578 Interest on debt to associated enterprises abroad Remittances of interest on inter-company debt by the direct foreign investors to associated enterprises abroad 1311

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
 

 

  

 

 c) Investment income - Portfolio investment  

 
 

 

 i) Income on equity-(dividends)  

 

  

 
6 General government Remittances of dividends paid by govt. and govt. controlled enterprises, joint ventures, etc. to foreign share holders having ownership of shares (less than 10% of the shares in the enterprise) 1322
7 Banks Remittances of dividends paid by banks to foreign share holders having ownership of shares (less than 10% of the shares in the enterprise) 1323
8 Other sectors Remittances of dividends paid by private sector enterprises to foreign share holders having ownership of shares (less than 10% of the shares in the enterprise) 1324
 

 

 ii) Income on debt (interest) I) Bonds and notes General government  

 

  

 
9 Bonds and notes -General government Remittances made on account of bonds, debentures, notes, non-participating preferred stocks or shares, convertible bonds and bonds with optional maturity dates (the latest of which is more than one year after maturity) by govt. and govt. controlled enterprises. 1341
10 Profit on FIBs -General government Remittances of profits earned on FIBs 1342
11 Profit on National Savings Schemes -General government Remittances of profits earned on National savings schemes 1343
 

 

 Banks  

 

  

 
11 Bonds and notes -Banks Remittances made on account of bonds, debentures, notes, non participating preferred stocks or shares, convertible bonds and bond' with optional maturity dates (the latest of which is more than one yeai maturity) by banks. Also included are the negotiable certificates of deposits with maturity of more than one year; dual currency bonds, zero coupons and other deep discounted bonds; floating rate bonds; indexed bonds; and asset based securities, such as collateralizec mortgage obligations and participation certificates etc. - 1351 1

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
 

 

 Other sectors  

 

  

 
13 Bonds and notes -Other sectors Remittances made on account of bonds, debentures, notes, non-participating preferred stocks or shares, convertible bonds and bonds with optional maturity dates (the latest of which is more than one year after maturity) by private sector enterprises. Also included are the negotiable certificates of deposits with maturity of more than one year; dual currency bonds; zero coupons and other deep discounted bonds; floating rate bonds; indexed bonds; and asset based securities, such as collateralized mortgage obligations and participation certificates etc. 1361
 

 

 II) Money market instruments General government  

 

  

 
14 Money market instruments -General government Remittances of profit/interest by govt. and govt. controlled enterprises on money market instruments such as treasury bills, commercial and finance papers, bankers' acceptances, negotiable certificates of deposit (with original maturity of one year or less) and short- term notes issued under note issuance facilities (NIFs) 1381
15 Profit on TBs Remittances of profit/interest by govt. and govt. controlled enterprises on money market instruments such as treasury bills, commercial and finance papers, bankers' acceptances, negotiable certificates of deposit (with original maturity of one year or less) and short- term notes issued under note issuance facilities (NIFs) 1382
 

 

 Banks  

 

  

 
16 Money market instruments - Banks Remittances of profit/interest by banks on money market instruments such as treasury bills, commercial and finance papers, bankers' acceptances, negotiable certificates of deposit (with original maturity of one year or less) and short- term notes issued under note issuance facilities (NIFs) 1391
 

 

 Other sectors  

 

  

 
17 Money market instruments - Other sectors Remittances of profit/interest by private sector enterprises on money market instruments such as treasury bills, commercial and finance papers, bankers' acceptances, negotiable certificates of deposit (with original maturity of one year or less) and short- term notes issued under note issuance facilities (NIFs) 1401
 

 

 III) Other investment General government  

 

  

 
18 Interest debt servicing EAD (long-term. Central +GTD) Remittances of interest, service and commitment charges on foreign loan and credits (long-term, central and GTD) chargeable to debt servicing 1421

Code List No. 7
(Invisible and Capital Payments)
Sr. No. Purpose Description Code No.
19 Interest on Commercial borrowings < 1 year Remittances made on account of interest paid on commercial Borrowing of less than one year to Foreign Commercial Banks 1422
20 Interest on commercial borrowings > 1 year Remittances made on account of interest paid on commercial Borrowing of more than one year to Foreign Commercial Banks 1423
21 Others Remittances made on account of interest not specified elsewhere 1424
22 Refund of Refund of other interest received by govt and govt controlled enterprises 1425
 

 

 Banks  

 

  

 
23 Interest foreign currency accounts Interest paid on foreign currency accounts 1431
24 Discount Payments on account of discount on trade bills etc 1433
25 Others Other remittances of interest by banks 1434
26 Refund of Refund of other receipts by banks 1435
27