Import of Gold and Silver.
In exercise of the powers conferred by sub-section (1) of section 8 of the Foreign Exchange Regulation Act, 1947 (VII of 1947) and in supersession of the Notification of the Government of India in the Finance Department No.12(ll.)-F1/47 dated the 25th March, 1947, the Central Government is pleased to direct that except with the general or special permission of the State Bank of Pakistan, no person shall bring or send into the Provinces of Pakistan from any place outside Pakistan:

(a) any gold coin, gold bullion, gold sheets or gold ingot whether refined or not;
(b) any silver bullion, any silver sheets or plates which have under-gone no process of manufacture subsequent to rolling, or any uncurrent silver coin;
(c) any coin which is legal tender in India.

Export Control.
In exercise of the powers conferred by sub-section (1) of section 12 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Central Government is pleased to prohibit the export otherwise than by post of any goods either directly or indirectly to any place outside Pakistan other than any of the countries or territories in the Schedule appended hereto unless a declaration is furnished by the exporter, in a manner prescribed in this behalf by the State Bank of Pakistan, to the Collector of Customs or to such other person as the State Bank of Pakistan may specify, that an amount representing the full export value of the goods has been or will be disposed of in a manner and within a period specified by the State Bank of Pakistan.

Provided that this prohibition shall not apply to the export of:
1. Bonafide trade samples;

2. Personal effects, whether accompanied or unaccompanied, of travellers;

3 Ships stores and transhipment cargo;

4. Goods shipped under the order of the Central Government or of such officers as may be appointed by the Central Government in this behalf or of the Military, Naval or Air Force authorities in Pakistan for Military, Naval, or Air Force requirements;

5. Goods included in Open General Licence No.7 published with the late Ministry of Commerce and Education (Commerce Division) Notification No.335/460/42, dated 22nd October, 1952, as modified from time to time, or such other Export Open General Licence as may be in force for the time being, and exported to Iran by land; .

6. Gift packets where they are accompanied by a declaration by the sender that the contents of the packet are less than Rs.500/- in vlaue and that the despatch of the packet does not involve any transaction in foreign exchange; and

7. Goods processed or manufactured or processed and manufactured in and exported from Export Processing Zones established under the Export Processing Zones Authority Ordinance, 1980 (IV of 1980).

SCHEDULE
(1) Afghanistan.

Export by post.
In exercise of the powers conferred by sub-section (1) of section 12 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Central Government is pleased to prohibit the export by post of any goods either directly or indirectly to any place outside Pakistan other than any of the countries or territories in the Schedule appended hereto unless a declaration, in a form prescribed by the State Bank of Pakistan, for the purpose, is furnished by the exporter to the Postal Authorities at the time of despatch that an amount representing the full export value of the goods has been or will be disposed of in a manner and within a period specified by the State Bank of Pakistan.

Provided that this prohibition shall not apply:

1. Where the postal packet is covered by a certificate issued by the State Bank of Pakistan or by an authorised dealer that the export of the parcel does not involve any transaction in foreign exchange;

2. Where the postal packet is accompanied by a declaration by the sender that the contents of the parcel are less than Rs.500/- in value and that the despatch of the parcel does not involve any transaction in foreign exchange; and

3. Where the parcels are despatched either under the orders of the Central Government or of the Military, Naval or Air Force authorities in Pakistan accompanied by a certificate to the effect that the parcel does not involve any transaction in foreign exchange, signed by a Gazetted Officer or by any person entitled to use service postage stamps, which should be pasted on the outer cover of the parcel;

4. Where the postal packet or parcel consists of goods included in Open General Licence No.7, published with the late Ministry of Commerce and Education (Commerce Division) Notification No.335/460/42 dated 22nd October, 1952 as modified from time to time, or such other Export Open General Licence as may be in force for the time being, and exported to Iran by land; and

5. Goods processed or manufactured or processed and manufactured in and exported from Export Processing Zones established under the Export Processing Zones Authority Ordinance, 1980 (IV of 1980).

SCHEDULE
(1) Afghanistan.

Issue of bearer security or coupon.
In exercise of the powers conferred by Section 15 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Central Government is pleased to order that, except with the general or special permission of the State Bank of Pakistan, no person shall, in the Provinces of Pakistan, issue any bearer security or coupon, or so alter any document that it becomes a bearer security or coupon.

Import of currency notes.
In exercise of the powers conferred by sub-section (1) of Section 8 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), the Central Government, in supersession of this Ministry's Notification No. 1 (3)-ECS/48 dated the 1st July, 1948 is pleased to order that, except with the general or special permission of the State Bank of Pakistan no person shall bring or send into the Provinces of Pakistan from any place outside Pakistan any currency notes or Bank notes, whether un-issued or in circulation.

Foreign Exchange Rules, 1952.
In exercise of the powers conferred by Section 27 of the Foreign Exchange Regulation Act, 1947, the Central Government is pleased to make the following rules:-

1. Short Title and Commencement:--(1) These rules may be called the Foreign Exchange Rules 1952. (2) They shall come into force at once.

2. Interpretation:-In these rules unless there is anything repugnant in the subject or context:-

(a) "the Act" means the Foreign Exchange Regulation Act, 1947;
(b) all other words and expressions shall be assigned the meaning as in the Act.

3. In the case of export of goods or class of goods specified in the notifications issued under Section 12(1) of the Act,

(1) the authority to whom the declaration has to be submitted by the exporter shall be the Collector of Customs or such other person as the State Bank may from time to time by notification in the official Gazette specify for this purpose;

(2) the period within which the amount representing the full export value of goods will have to be paid, shall be the period specified from time to time by the State Bank for this purpose generally or otherwise by notification in the official Gazette with reference to any country or countries;

(3) the manner in which the amount representing the full export value of the goods will have to be paid, shall be the manner specified from time to time by the State Bank for this purpose generally or otherwise by the notification in the official Gazette with reference to any country or countries.

4. All powers vested in the State Bank under the Act shall be exercised and all functions entrusted to the State Bank under the Act shall be performed in the name of the Bank by such officers of the State Bank as may be notified from time to time by the State Bank in the official Gazette with reference to such officers' names or designations.

5. Any order, direction, communication issued by the State Bank in exercise of the powers vested under the Act shall be deemed to have been properly issued, communicated to, or served on the person or persons concerned,-

(i) if it is sent to the address known to the State Bank of such person or persons by registered post with acknowledgement due, or

(ii) if it is published in any two prominent daily newspapers including one in Urdu and one in English circulating in the area within Pakistan in which such person or persons reside or carry on business, or

(iii) if it is personally tendered to such person or persons for acceptance, whether accepted or refused and an endorsement or statement of the tendering employee of the Bank as to the acceptance or refusal shall be sufficient proof of such acceptance or refusal.

Declaration of Securities.
In exercise of the powers conferred by sub-section (1) of Section 19 of the Foreign Exchange Regulation Act, 1947 (VII of 1947) and in supersession of this Ministry's Notification No.l(5)-ECS/48, dated the 1st July, 1948 the Central Government is pleased to direct that all persons resident in Pakistan who are or who may hereafter become the owners of any securities in respect of which the principal, interest or dividends is or are payable in the currency of any foreign country or in respect of which the owner has the option to require the payment of principal, interest or dividends in such currency shall by the 31st December, 1956 or in the case of a person hereafter becoming such owner, within one month of the date of his so becoming make a return to the State Bank of Pakistan in the form prescribed in this behalf by the State Bank of Pakistan giving the following particulars with respect of such securities namely;

(a) the full name and address of the owner by whom or on whose behalf the return is made;

(b) a description of the security in full, including particulars as to whether it is a bearer bond, registered or inscribed stock etc;

(c) the nominal amount of the security;

(d) whether the security is free or encumbered and if the latter, full details of the nature of the encumbrance including the amount of loans or advances, if any, which have been taken against the security and the currency in which the names and addresses of the persons from whom they have been taken;

(e) the place in which and the name of the person with whom the security is deposited;

(f) the full name and address of the person for whose account the security is held (in case a person other than the owner is making the return).

Provided that this notification shall not apply to-

(i) persons, not being citizens of Pakistan, who have obtained the permission of the State Bank of Pakistan in this behalf; and

(ii) the holders of Foreign Exchange Bearer Certificates issued to them under the Foreign Exchange Bearer Certificate Rules, 1985.