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FE Rules2008Monthly Foreign Exchange Returns

MONTHLY FOREIGN EXCHANGE RETURNS

EPD Circular Letter No. 07 July 25, 2008


Attention of Exchange Companies is invited to existing reporting requirement in terms of which Exchange Companies are required to submit monthly data of foreign exchange transactions to Statistics and Data Warehouse Department (Formerly Statistics Department) by the 10th of the following month.

Keeping in view, considerable developments in IT field and need to increase the efficiency of statistical information system to provide timely aggregate foreign exchange data, it has become imperative to reduce the period of submission for the captioned data from 10 days to 5 days. This would help to provide reliable and timely data for decision making at various levels in different organizations, central bank and the government.

In order to make necessary arrangements for reporting foreign exchange data on revised schedule, Exchange Companies are advised to report data for the July 2008 onward by 5th of the following month to the reference month along-with the basic documents of the transactions.

In case of any query, please contact Mr. Muhammad Zarar Askari, Joint Director, Exchange Accounts Division, Statistics & Data Warehouse Department, State Bank of Pakistan at 021-2453629 and 021- 9218112.

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