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APPENDIX III
Notifications issued by the State Bank of Pakistan under Foreign Exchange Regulation
Act, 1947.
(VII of 1947)
NOTIFICATION NO. F.E. 21/48-SB
DATED THE 1ST JULY, 1948
Export of jewellery to Acceding States.
In pursuance of sub-section (2) of Section 8 of the Foreign Exchange Regulation Act, 1947,
(VII of 1947), the State Bank of Pakistan is pleased to permit any person to take or send
out of the Provinces of Pakistan precious stones or jewellery to States which have acceded
or accede to Pakistan without limit.
NOTIFICATION NO. F.E. 28/49-SB
DATED THE 14TH MAY, 1949
Import of gold and silver in transit.
In pursuance of the Notification of the Government of Pakistan in the Ministry of Finance
No.1(2)-ECS-48 dated the 1st July, 1948 (restricting the bringing or sending into the
Provinces of Pakistan of gold and silver) and in supersession of the Notification of the
State Bank of Pakistan No. F.E. 10/48 SB dated the 1st July, 1948, the State Bank of
Pakistan in hereby pleased to give general permission to the bringing or sending of any
such gold or silver as is specified in the Government notification referred to, by sea or
air into any port in the Provinces of Pakistan, provided the gold or silver is on through
transit to a place outside Pakistan and is not removed from the carrying ship or aircraft
except for the purpose of transshipment.
NOTIFICATION NO. F.E. 30/49-SB DATED THE 5TH NOVEMBER, 1949.
Import of India Coin.
In pursuance of the Notification of the Government of Pakistan No. 1(2)- ECS/48 dated
the 1st July, 1948, as amended by Notification of the Government of Pakistan No. 1(14)
EF/49 dated the 5th November, 1949, the State Bank of Pakistan is pleased to permit any
person to bring into the Provinces or the Capital of the Federation from any place outside
Pakistan any coin which is legal tender in India not exceeding in all rupees five in value
at any one time.
NOTIFICATION NO.F.E. 56/53-SB
DATED THE 7TH MAY, 1953
In pursuance of sub-section (1) of Section 4 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), and in supersession of the State Bank of Pakistan Notification No. F.E. 15/48-SB dated the 1st July, 1948, the State Bank of Pakistan is pleased to direct that the prohibition imposed by that sub-section shall not apply to the operation on an account expressed in a foreign currency held in accordance with pare 2 of the Government of Pakistan, Ministry of Finance, Notification No. 3(2)4-EF/52 dated the 14th June, 1952, by a foreign national who is, or is resident, in any Province of Pakistan but is not domiciled in Pakistan.
NOTIFICATION NO.F.E. 57/53-SB
DATED THE 7TH MAY, 1953
Payment to the Non residents.
In pursuance of sub-section (1) of Section 5 of the Foreign Exchange Regulation Act,
1947 (VII of 1947), and in supersession of the State Bank of Pakistan Notification No.
F.E. 16/48-SB dated the 1st July, 1948 the State Bank of Pakistan is pleased to direct
that the prohibition imposed by clause (a) of that sub-section shall not apply to the
making of a payment to or for the credit of a person resident outside Pakistan out of
funds held in an account maintained in accordance with the provisions of the Notification
of the State Bank of Pakistan No. F.E. 56/53-SB dated the 7th May, 1953.
NOTIFICATION NO. F.E. 71/ 8-SB
DATED THE 22ND MAY, 1958
In exercise of the powers conferred upon it by the Foreign Exchange Regulation Act,
1947 and all other powers in this behalf the State Bank of Pakistan is pleased to order
that the following notifications of the Reserve Bank of India that is to say
Notifications:
No. FER A/22/47-RB dated the 8th July, 1947.
No. FER A/23/47-RB dated the 8th July, 1947.
No. FER A/24/47-RB dated the 8th July, 1947 and
No. FER A/36/47-RB dated the 4th November, 1947
shall hereby be cancelled and be deemed to have been cancelled with effect from the 1st
July, 1948.
NOTIFICATION NO. F.E. 72/59-SB
DATED THE 21ST JANUARY, 1959
Export of Jewellery.
In exercise of the powers conferred by sub-section (2) of Section 8 of the Foreign
Exchange Regulation Act, 1947 (VII of 1947) and in supersession of its Notification
No.FE/20/48-SB dated the 1st July, 1948 the State Bank of Pakistan is pleased to permit
any person to export out of Pakistan precious stones or jewellery other than articles made
wholly or mainly of gold, to any country without limit provided the packet containing the
precious stones or jewellery is despatched in the manner prescribed in the Government of
Pakistan, Ministry of Finance Notification No.1(6)-ECS/48 dated the 1st July, 1948 and
No.1(7)-ECS/48 dated the 1st July, 1948.
NOTIFICATION NO. F.E. 73/59-SB
DATED THE 25TH FEBRUARY, 1959
In pursuance of the Central Government Notification No.1(8) EF/58 dated the 20th August, 1958 and in supersession of the State Bank of Pakistan Notification No. F.E.52/52-SB dated the 18th September, 1952 the State Bank of Pakistan is pleased to authorise all dealers for the time being authorised by the State Bank of Pakistan to under take foreign exchange business, to purchase foreign exchange for the purpose of the said Notification.
NOTIFICATION NO. F.E. 74/59-SB
DATED THE 25TH FEBRUARY, 1959
In pursuance of sub-section 1 of Section 4 of the Foreign Exchange Regulation Act, 1947 (VII of 1947) and in supersession of the State Bank of Pakistan Notification No.F.E.56/53-SB dated the 7th May, 1953 the State Bank of Pakistan is pleased to direct that the prohibitions imposed by that sub-section shall not apply to the operation on an account expressed in aforeign currency held in accordance with pare 2 of the Government of Pakistan, Ministry of Finance Notification No. 1(8) E.F./58 dated the 20th August, 1958, by a foreign national who is, or is resident, in any Province of Pakistan but is not domiciled in Pakistan.
NOTIFICATION NO. F.E. 1/63-SB
DATED THE 14TH OCTOBER, 1963.
In pursuance of clause (a) of sub-section (1) of Section 20 of the Foreign Exchange Regulation Act, 1947 (VII of 1947), and in partial modification of the State Bank of Pakistan Notification No.F.E.13/48-SB dated the 1st July, 1948, the State Bank of Pakistan is pleased to direct that a person, other than a person holding any office in the service of Pakistan and residing outside Pakistan for the time being either on duty or on leave, being domiciled in, or a national of Pakistan, who is for the time being resident outside Pakistan, shall, unless otherwise authorized or exempted under the said Act, be treated, for purposes of section 5 of the said Act, as a person resident outside Pakistan, for so long as he is so resident.
NOTIFICATION NO.F.E.2/72-SB
DATED THE 30TH MARCH, 1972
(AS AMENDED UPTO 5TH OCTOBER, 1972)
In pursuance of rule 4 of the Foreign Exchange Rules, 1952 and in supersession of the
State Bank of Pakistan Notification No.F.E.2/69-SB, dated the 4th December, 1969 the State
Bank of Pakistan is pleased to notify that all powers vested in the State Bank under the
Foreign Exchange Regulation Act, 1947 (VII of 1947) shall be exercised and all functions
entrusted to the State Bank under the said Act shall be performed in the name of the State
Bank by the following Officers of the Exchange Control Department of the State Bank,
namely:
1. The Director, Exchange Control Department
2. The Additional Director, Exchange Control Department.
3. A Senior Deputy Director.
4. A Deputy Director.
5. An Assistant Director.
6. An Exchange Control Officer and
7. An Assistant Exchange Control Officer.
NOTIFICATION NO.F.E.3/72-SB
DATED THE 5TH OCTOBER, 1972.
In exercise of the powers conferred by Section 23 of the Foreign Exchange Regulation
Act, 1947 (VII of 1947) and in supersession of the State Bank of Pakistan Notification
No.F.E.1/72-SB, dated the 30th March, 1972 the State Bank of Pakistan is pleased to
authorise the following officers of the Exchange Control Department of the State Bank of
Pakistan to make complaints of offences punishable under the said section:
1. The Director, Exchange Control Department.
2. The Additional Director, Exchange Control Department.
3. A Senior Deputy Director.
4. A Deputy Director.
5. An Assistant Director.
6. An Exchange Control Officer and
7. An Assistant Exchange Control Officer.
NOTIFICATION NO. F.E.1/98-SB
DATED THE 8TH JUNE, 1998
Other powers enabling it in this behalf under the Foreign Regulation Act, 1947 (VII of
1947) and in suppression of the Notification No. F.E. 5/72-SB dated the 27th December,
1972 as amended from time to time, the State Bank of Pakistan is pleased to notify as
follows:-
1. A declaration required to be submitted under sub-section (1) of Section 12 of the
F.E.R. Act, 1947 (VII of 1947) shall be submitted by the exporter:
(a) When goods are exported otherwise than by post to Collector of Customs.
(b) When goods are exported by post, to the Post Master of the Post Office at which the
goods are posted for export.
2. An amount representing the full export value of the goods shall be paid on the due date
for payment or within four months from the date of shipment or posting, as the case may be
whichever is earlier.
3. An amount representing the full export value of any goods exported to any country shall
be paid through an Authorised Dealer in Pakistan either in US Dollar or in any convertible
foreign currency in which an Authorised Dealer maintains accounts or in Pakistan rupees
from a non-resident bank account.
NOTIFICATION NO. F.E. 1/92/SB
DATED THE 30TH JULY, 1992
In exercise of the powers conferred by section 13 of the Foreign Exchange Regulation Act, 1947 (Act No. VII of 1947), and in supersession of State Bank of Pakistan Notification No.FE.5/91-SB dated the 16th July, 1991 the State Bank of Pakistan is pleased to give general permission for the doing of the various acts referred to in the said section in respect of Foreign Exchange Bearer Certificates issued under the Foreign Exchange Bearer Certificates Rules, 1985, the U.S. Dollar Bearer Certificates issued under the U.S. Dollar Bearer Certificates Rules, 1991 and Five Years Foreign Currency Bearer Certificates issued under the Five Years Foreign Currency Bearer Certificates Rules, 1992.
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