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S.R.O. 1018(I)/98.- In exercise of the powers conferred by sub-section (1) of section 3 of the Foreign Exchange (Temporary Restrictions) Act, 1998 (IV of 1998), the Federal Government is pleased to direct that the following further amendments shall be made in the special US Dollar Bonds Rules, 1998, namely:-

In the aforesaid Rules,-

1. for rule (5), the following shall be substituted, namely:--

"5. Foreign currency account holders or foreign currency Certificates of Investment holders with the scheduled banks or Non-Bank Financial Institutions shall be entitled to purchase these bonds out of their foreign currency deposits"; and

2. for rule (6), the following shall be substituted, namely:--

"6. These bonds shall be issued to the foreign currency account holders or foreign currency Certificates of Investment holders by the respective scheduled banks or Non-Bank Financial Institutions each one of which shall be called "Issuing Authority" and each of their offices called "Office of Issue."

No. F.13(1)AFA(DM)/98-957.

Sd/-
(NAZRAT BASHIR)
Deputy Secretary (DM)
Tele: 9211971

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