The State Bank of Pakistan (SBP) has announced revision in select chapters of the foreign exchange manual.
The State Bank is in the process of revising the Foreign Exchange (FE) Manual in consultation with different stakeholders, including Authorized Dealers, in a phased manner.
Seven chapters of the FE Manual have already been revised through FE Circular No. 14 dated November 29, 2018.
Now, the SBP has revised three chapters - Chapter 8-Non-Resident Rupee Accounts, Chapter 9-Blocked Accounts, Chapter 11-Dealings in Foreign Currency Notes and Coins, etc, by Authorized Dealers of the manual.
These above revised chapters of the FE Manual are being replaced with the existing chapters at the SBP's website. The SBP has advised Authorized Dealers to bring the above development to the notice of all their constituents for meticulous compliance.
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