ISLAMABAD – Considering the market dynamics, business environment andchanges in way of doing business, the State Bank is in the process ofrevising the Foreign Exchange Manual in consultation with relevantstakeholders in a phased manner.
According to SBP press release, the revision is mainly aimed atsimplification of the existing instructions, adoption of best internationalpractices, removal of redundancies, introduction of new foreign exchangeregulations and gradual delegation of powers to the Authorized Dealers forfacilitation of the stakeholders.
In this respect, seven chapters of the FE Manual have already been revisedin November, 2018 and placed at the SBP’s website.
Three chapters of the Manual regarding regulations on Non-resident RupeeAccounts, Blocked Accounts and Dealings in Foreign Currency Notes and Coinsetc. by the Authorized Dealers stand revised.
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The revised chapters of the Manual have been placed at the State Bank’sWebsite link for reference of thestakeholders.
