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FE Rules2018Import of Cash US Dollars against Export of Permissible Foreign Currencies

IMPORT OF CASH US DOLLARS AGAINST EXPORT OF PERMISSIBLE FOREIGN CURRENCIES

EPD Circular Letter No. 02 of 2018                                                                            Jan 09, 2018

The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange

Dear Sirs / Madam,

Import of Cash US Dollars against Export of Permissible Foreign Currencies

Attention of the authorized Exchange Companies is invited to EPD Circular Letter No. 01 dated January 01, 2018 on the above subject.

2. It has now been decided to allow Exchange Companies to import cash US Dollars against export of permissible foreign currencies without observing any limit and/or repatriate equivalent US Dollars through credit to their foreign currency accounts maintained with banks in Pakistan as per earlier procedure contained in EPD Circular Letter No. 16 dated July 27, 2015 and EPD Circular Letter No. 05 dated March 31, 2016 till further instructions.

3. All other terms and conditions on the subject shall remain unchanged.

 

                                                                                                  Encl: As above
                                                                                                   Yours truly,
                                                                                                     Sd/-
                                                                                                   (Fazal Mahmood)
                                                                                                    Director

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