18. Sale of foreign exchange to Pakistan nationals resident in Pakistan for travel to India and Bangladesh :-
(i) Authorised Dealers may release to Pakistan nationals resident in Pakistan as private travel exchange quota (a) US$ 25/- per head (irrespective of age) on each visit to India and (b) US$100/- per head on each visit to Bangladesh subject to the condition that children upto the age of 12 years will be given US$50/- per head. The foreign exchange may be released on production of passport, National Identity Card in original, T-1 form and Air/Steammer ticket. The Air/Steamer ticket and passport of the traveller should be endorsed with the amount released as prescribed in paragraph 40 below except in case of travel by land route where only the passport should be endorsed. It should also be verified from the passport that the journey, for which private travel exchange quota was last drawn, was actually under taken.

(ii) Zaireen nominated by the Federal Ministry of Religious Affairs to visit Muslim Shrines in India may be allowed exchange @ US$10 per day per head by the Authorised Dealers on production of a copy of the nomination letter issued by the Federal Ministry of Religious Affairs. Zaireen proceeding to Ajmer for participation in the Urs of Hazrat Kh. Moinuddin Chishti (R. A) may be allowed a further sum of US$25/- per head in addition to US$10/- per day per head to cover travel cost from Delhi to Ajmer and back. The above nomination letter should be surrendered alongwith the T-I form while reporting the transaction.

19. Private travel by Government Servants, employees of Semi Government Institutions/autonomous bodies and nationalised/taken over institutions/ banks :-
The instructions contained in paragraphs 4,9,17,18 and 25 will apply. However, tickets will be issued and foreign exchange released on submission of relevant order of the competent authority sanctioning leave ex-Pakistan, in addition to other prescribed documents. However, before releasing PTEQ in such cases Authorised Dealers should ensure that it is clearly indicated in the Leave Order that traveller has not been allowed to draw leave salary/pension in foreign exchange.

20. Restriction as to re-issue of unspent amount of 'PTEQ' surrendered to an Authorised Dealer :-
Unspent amount of foreign exchange brought back by a traveller out of the 'PTEQ' drawn by him and surrendered to an Authorised Dealer cannot be re-issued to him for subsequent travel abroad.

21. Travel by journalists/participation in international conferences/ seminars/games/meetings and sports events etc., in private capacity :-
Persons proceeding abroad to attend international conferences, symposia, seminars, meetings etc., in their private capacity and journalists travel ling abroad to cover journalists events etc., will be allowed foreign exchange by the State Bank at the rate of US$60/- per head per day subject to a maximum of US$ 1,000/- per head for countries other than India, Bangladesh and Afghanistan. In case of persons proceeding for these purposes to India and Bangladesh foreign exchange will be allowed by the State Bank at the rate of US$40 per day subject to a maximum of US$ 600/-.

22. Sale of foreign exchange for Professional Training :-
Authorised Dealers may release foreign exchange on the following scales to persons sponsored by their respective institutions/organisations in the private sector for professional training abroad on submission of the prescribed Application Form (Appendix V-75) by the employing institutions /organisations:-

23. Foreign exchange for Tabligh :-
Release of foreign exchange over and above the private travel exchange quota (PTEQ) for Tabligh requires State Bank's prior approval.

24. Foreign exchange for Medical Treatment abroad :-
State Bank's approval for release of exchange for medical treatment abroad will be obtained if the applicant desires to have foreign exchange over and above his private travel exchange quota (PTEQ). In such cases State Bank will allow exchange quota on the basis of recommendations made by the Medical Board set up by the Government for the purpose. Application should be made to the concerned Medical Board on the prescribed form

(Appendix V-77) in duplicate. Requests for release of exchange in addition to the quota recommended by the Medical Board should be sent to the State Bank alongwith statement of expenditure already incurred by the patient duly certified by the Pakistan Mission in the country where treatment is being undertaken.

25. Release of Exchange for Miscellaneous purposes :-
Authorised Dealers may release US$ 50 per head for meeting incidental expenses to the travellers of the following categories, proceeding to countries other than India, Bangladesh and Afghanistan on submission of Passport and ticket. This will be in addition to any other purchase of foreign exchange admissible to them:

(i) Pakistanis resident in Pakistan except those proceeding on Official or Business travel.
(ii) Pakistani students studying abroad. (pare 5(i) above) excluding those going abroad on fresh permits.
(iii) Returning residents (pare 5 (ii) above).
(iv) Foreign nationals settled/working in Pakistan. (Pare 8 (b)(ii) above).
(v) Foreign students studying in Pakistan (pare 8(g) above).
(vi) Foreign crew (pare 8(h) above).
(vii) Employees of foreign controlled companies and their Joint ventures in Pakistan for attending In-House Seminar, Workshops, Symposia, meetings etc., outside Pakistan.

The sale of this amount of US$50/- will be recorded on the passport as separate entry distinct from any other amount of foreign exchange purchased by the traveller.

26. Exchange Quota to Government/Semi Government Employees going on Delegation, Duty, Posting, Leave, Retirement and Training :-
Government/Semi-Government employees will be entitled to draw exchange at the prescribed rate of daily allowance which has been fixed by the Government for the actual period they remain abroad on official duty. In addition, an exchange quota of US$100/- per person will be allowed on private account, if so requested by the person concerned provided he has not been allowed to draw his salary abroad. Persons who are eligible to draw leave salary/pension in foreign exchange may either draw private travel quota of US$1,000/- or leave salary/pension as admissible under Government rules.

27. Migration :-
Persons proceeding on migration abroad will be allowed by the State Bank a foreign exchange quota of US$50/- per head against sponsored migration visa and US$500/- Per family against non-sponsored visa. Migrants to USA/ Canada against non-sponsored visa will be allowed a compulsory minimum quota of US$260/- per family. They may at their option also obtain additional exchange quota upto US$500/- inclusive of the compulsory quota.

Application for the purpose should be made on the prescribed form (Appendix V-78).

28. Business Travel abroad :-
Persons proceeding abroad on business visits are allowed exchange facility at the rate of US$200/- per day subject to a maximum of US$6000/ per person for countries other than India and Afghanistan. For India business travel quota is allowed @ US $40/- per day subject to a maximum of US$1,200/- per person.

29. Booking of passage/release of exchange for business visits abroad on the basis of Certificates of Trade Organisations :-
Airlines/Shipping Companies/Travel Agents and Authorised Dealers may issue tickets and release foreign exchange at the rate specified in para 28 above without prior approval of the State Bank in accordance with the following instructions in cases where business visit to countries other than Afghanistan is recommended by the Federation of Chamber of Commerce and Industry or by a Chamber of Commerce/Trade Organisation listed in Appendix V-79.

(i)Persons desirous of proceeding abroad on business visits under the above scheme should fill in Form "T-2" (Appendix V-80) in triplicate and submit it to one of the Organisations mentioned above for certification. Two copies of "T-2" form will be returned to the applicants after certification and the third copy retained by the Chamber of Commerce/ Trade Organisation for their own record.

(ii) On the basis of certification of Chamber of Commerce/Trade Organisation, Airlines/Shipping Companies/Travel Agents may sell passage for countries other than Afghanistan on payment of the cost thereof by the firm/company in whose behalf the travel is being undertaken. The passport should be endorsed as prescribed in pare 12(e)(i) above. The airlines /travel agents will (i) endorse both the copies of T-2 form (ii) return one copy to the traveller and (iii) retain the other copy for submission to the State Bank alongwith their monthly "Return of Passage Bookings".

(iii) Authorised Dealers may release foreign exchange, at the rates prescribed in pare 28 of this Chapter for business visit to countries other than Afghanistan on submission of the duplicate copy of the T-2 form certified by the Chambers of Commerce/Trade Organisations, ticket, passport and National Identity Card. Foreign exchange should be released for the number of days recommended by the Chambers of Commerce/Trade Organisations subject to a maximum of thirty (30) days. The passport and ticket of the traveller should be endorsed with the amount of foreign exchange released. "T-2 form should also be endorsed with the date and amount of foreign exchange released and the form submitted to the State Bank with the monthly foreign exchange returns.

(iv) Authorised Dealers/Airlines/Shipping Companies/Travel Agents will satisfy themselves that the T-2 forms recommended by the respective Chambers of Commerce/Trade Organisations and produced to them for issue of tickets/release of foreign exchange are genuine and complete in all respect. To verify the genuineness of the T-2 forms Authorised Dealers/ Airlines/Shipping Companies/Travel Agents should obtain specimen signatures of the officials authorised by the respective Chambers of Commerce/Trade Organisations to sign the prescribed certificate.

(v) This facility is available only to Directors/Proprietors/Working Partners and whole-time employees of the applicant firm and not to part-time employees, advisors and non-executive partners.

(vi) Payment for the cost of ticket issued and cost of foreign exchange released will be received by the Airlines/Travel Agents/Shipping Companies/Authorised Dealers through cheques drawn on the bank account of the company/firm concerned.

30. Booking of passage/Release of foreign exchange to representatives of Consultency/Construction Companies and firms :-
Airlines/Shipping Companies/Travel Agents and Authorised Dealers may issue tickets/release foreign exchange at the rates specified in paragraph 28 above without prior approval of the State Bank to the representatives of Consultancy/Construction firms/companies whose Bid Bonds/Performance Bonds have been accepted by foreign beneficiaries. For this purpose, such persons/firms, if they are not members of any Chamber of Commerce and Industry or Trade Organisation, will be required to fill in Form 'T-2' (Appendix V-80) in triplicate and submit it to the Offices of the Export Promotion Bureau for certification. Other instructions for issue of tickets, release of foreign exchange, admissibility of travel facility and the mode of payment for cost of passage/exchange etc. will remain the same as prescribed in paragraph 29 (i) to (vi) for business travel on the recommendations of the Chambers of Commerce/Trade Organizations on Form 'T-2'. However, in case the Consultancy/Construction firm/company is a public sector company, passage/exchange facility will be available only with the prior approval of State Bank of Pakistan.

31. Release of Exchange to Pakistani exporters for participation in International Trade Fairs/Exhibitions in Private Capacity :-
Authorised Dealers may extend, subject to fulfilment of drill prescribed herein for each category, following facilities to Pakistani registered exporters for participation in the International Trade Fairs/Exhibitions in their private capacity as and when approached:

Category 'A' where sample goods are taken for display
(i) Remittance of space rent direct to Fair/Exhibition authorities against their debit note and undertaking from the exporter's firm/company on the form at Appendix V-81. Remittance will be reported on Form 'M'.

(ii) Release of exchange for construction of pavilion against estimate subject to rendition of account for expenses incurred and under taking at Appendix V-81. Remittance will be reported on Form 'M'.

(iii) Issue of an authority letter to the airline/travel agents for issue of ticket to and from the country where the Trade Fair/Exhibition is being held, for the representative of the firm/company on whose behalf foreign exchange for space rent/construction of pavilion already released, not exceeding two persons, on Appendix V-82 on production of documents showing confirmation for booking of space and credit note/ receipt for foreign exchange already released. This authority letter will be retained by the airline for submission to State Bank through passage statements.

(iv) Release of foreign exchange on production of return ticket purchased against Authorised Dealer's authority mentioned in Sub-para (iii) above at the rate not exceeding Business Travel Quota for number of days of the fair plus another seven days for setting up stall and winding up of affairs but not exceeding 30 days. Realease of exchange will be reported on T-1 Form under this authority.

(v) Payment for the cost of ticket and foreign exchange to be released for payment of rent for stalls, booking of space, construction of pavilion, advance deposits etc. and for the expenses of the representative (s) of the firm/company participating in international trade fairs/exhibitions will be receiced by the Air lines/Travel Agents/ Shipping Companies and Authorised Dealers through cheques drawn on the bank account of the firm/company concerned.

Category 'B' - Trade Fairs/Exhibitions organised by the Chambers of Commerce and Industries (of Pakistan) or where exporter is participating in individual capacity where goods are taken for sale under Form 'E' procedure
(i) Remittance of Advance space rent by the Chamber of Commerce and Industry direct to Fair authorities against Debit Note supported by (a) list of participating members with their share of space rent and (b) undertaking in (Appendix V-81) from each member participating in the fair. Remittance will be reported to State Bank on Form 'M'.

(ii) Certification of Form 'E' on self consignment basis or otherwise as recommended by the organising Chamber of Commerce and Industry.

(iii) Issue of an authority letter to airline/travel agent for the issue of ticket to and from the country where the Fair is being held, for not more than two persons of the participating firm on whose behalf Form 'E' has already been certified, on Appendix V-82. This authority letter will be retained by the airline for submission to State Bank of Pakistan through passage statements.

(iv) Issue of authority letter to airline/travel agent for issue of tickets to the Pavilion Officer(s) nominated by the organising Chamber on Appendix V-82. This authority letter will be retained by the airline for submission to State Bank of Pakistan through passage statements.

(v) Release of foreign exchange for Duty/Sales tax to the participating members on repatriable: basis as per undertaking furnished on Form Appendix V-81. This will be reported on T-1 alongwith Business Travel Quota.

(vi) Release of foreign exchange to the representative(s) of the partici-pating firm/pavilion officer(s) on production of return air tickets purchased against Authorised Dealer's authority mentioned in Sub-paras (iii) and (iv) above, at a rate not exceeding the Business Travel Quota for number of days of the Fair plus 7 days extra for setting up stall and winding up of affairs but not exceeding 30 days. This will be reported on T-1 Form under this authority.

(vii) Issue of authority letter for re-import of unsold goods exported under Form 'E' procedure as per sub-pare (ii) above on freight to pay basis. Original will be retained by the airline/shipping company and photo-copy will be produced to Customs for release of the goods.

(viii) Payment for the cost of ticket and foreign exchange to be released for payment of rent for stalls, booking of space, construction of pavilion, advance deposits etc. and for the expenses of the representative(s) of the firm/company participating in international trade fairs/ exhibitions will be received by the Air lines/Travel Agents/Shipping Companies and Authorised Dealers through cheques drawn on the bank account of the firm/company concerned.

Authorised Dealers should carefully note that in case of failure of the participants to submit evidence of having brought back the sample goods taken for display or encashment certificate of the samples sold and for failure to repatriate the foreign exchange released for space rent/duty etc., alongwith the sale proceeds (Category B) the Authorised Dealers will report the matter to the area Exchange Control of the State Bank for suitable action. The Authorised Dealers will also report the outstanding sale proceeds including the amount released on account of space rent/duty etc. in their monthly overdue statement prescribed in App.V-16 of the Exchange Control Manual (Volume II) with specific remarks "Exhibition case".

32. Business Travel abroad with the approval of State Bank :-
Persons desirous of proceeding abroad on business visits are free to approach the State Bank for approval of passage facility and release of exchange for such visits. Applications for this purpose should be made to the State Bank on Form "T" (Appendix V-83). At the time of forwarding such applications, which should be duly completed, Authorised Dealers should ensure that the requisite documents including a Confidential Report on the financial standing of the party are enclosed with the application.

33. Blanket Permission for business travel abroad to exporters of commodities, services etc. :-
(i) State Bank also issues blanket permission for purchase of ticket and release of foreign exchange for business travel abroad to exporters of commodities, services etc. whose export earnings during the preceding calendar year or the year immediately preceding the month of the application are Rs.2.5 million or more in the case of exporters of commodities and Rs.0.25 million or more in the case of exporters of services like Indenting/Recruiting Agents, Construction Companies, Trade Marks and Patent Attorneys etc.

(ii) Request for issue of blanket permission should be made to the State Bank on form "BT" (Appendix V-84) in duplicate. Names of the Directors/ Executives/Officials who would undertake business travel on behalf of the applicant firm against the blanket permission will be specified in the application. Not more than 3 persons can be nominated at a time for this purpose.

(iii) State Bank will issue blanket permission on the original 'BT' form which will be valid for a period of one year only. Only two representatives of the export houses/firms/companies can travel at a time against the blanket permission provided both of them are not travelling in one and the same direction and their destinations are distinctly separate. As an exception, two representatives can travel at a time against the blanket permission in one direction and for the same destination provided one of them is a technical representative of the firm/company and his visit is necessary. On expiry of the blanket permission, it should be surrendered to the issuing office of the State Bank by the holders thereof alongwith one detailed achievement report in respect of all the business trips undertaken under the blanket permission. The renewal of blanket permission will be allowed by the State Bank only in those cases where they are satisfied about the bonafides of the business visits undertaken and of the concrete results achieved by way of increased foreign exchange earnings for the country.

34. Booking of passage against blanket permission :-
Airlines/Travel Agents may issue ticket for travel abroad of the persons named in the blanket permission issued by the State Bank. The Airlines/ Travel Agents will make endorsement in token of having issued the ticket on the blanket permission in the space provided for the purpose under their stamp and signature. A copy of the blanket permission will be retained by the Airline/Travel Agent which will be submitted to the State Bank in support of the booking reported in their monthly "Return of Passage Bookings". The aforesaid copy of the blanket permission shall be certified bv the Airlines/Travel Agents in the following manner:-

"Payment received through Cheque No. ....................... dated ...................drawn on the bank account of firm/company concerned".

Stamp & Signature

35. Release of foreign exchange against blanket permission :-
Authorised Dealers may release foreign exchange at the rates prescribed in para 28 of this Chapter on the strength of the following documents:

(i) Blanket Permission of the State Bank.
(ii) Airline ticket.
(iii) Letter from the export house/firm/company detailing the purpose and duration of the proposed visit.
(iv) 'T-1' form
(v) Passport.

In addition to the endorsement of foreign exchange released on the airline ticket and passport as required under the rules, the Authorised Dealer will also make endorsement of the foreign exchange released on the blanket permission in the space provided therein under its stamp and signature. A photo-copy of the blanket permission, duly certified by Authorised Dealer in the manner indicated in the preceding paragraph, alongwith the letter of export house/firm/company mentioned at (iii) above, will be enclosed while reporting the sale to the Control in their monthly exchange return.

36. Release of foreign exchange against Credit Cards to exporters :-
Bonafide exporters can also draw exchange quota against credit card for business visits to countries other than Afghanistan.

The following procedure will be followed in this regard:-
(i) Exporters desirous of availing the facility of credit card for business travel abroad, will make an application to the concerned Authorised Dealers (Credit Card Issuing Agencies) in the form appearing at Appendix V-85 duly certified by a Chamber of Commerce/Trade Organisations listed in Appendix V-79. While issuing credit card, the Authorised Dealers (Credit Card Issuing Agencies) shall make the endorsement on the face of blanket permission in the following format:

Name of Authorised Dealer (Credit Card Issuing Agency)
Credit Card No. ....................
Issued to Mr. ....................….

Signature ......................
Dated ........…………...

(ii) The limit upto which the persons concerned may utilise the credit card facility shall be the maximum Business Travel Quota admissible under the rules for the time being in force less any amount of foreign currency notes/traveller cheques issued to them in Pakistan. If desired, the credit card holders can also utilise additional quota of U.S.$100/- per day subject to a maximum of U.S.$3,000/- per visit against encashment of Foreign Exchange Bearer Certificates.

(iii) When proceeding abroad on business visit, persons concerned will submit to the Authorised Dealers (Credit Card Issuing Agencies) original blanket permission granted by the State Bank or T-2 form duly certified by Federation of Pakistan Chamber of Commerce& Industry/Chamber of Commerce & Industry/concerned Trade Organisation.

(iv) All remittances made by Authorised Dealers (Credit Card Issuing Agencies) in reimbursement of expenses incurred abroad by the holders of credit card will be reported in the monthly foreign exchange returns by them under the code relating to business travel.

(v) If so desired by the persons concerned, initial release in the shape of either foreign currency notes or traveller cheques, can be obtained by them but only from the Authorised Dealers which has issued the credit card and from no other Authorised Dealer. Such sales will be reported to the Control under Code relating to business travel on T-1 form with which a photocopy of Blanket Permission/T-2 form duly endorsed by the Authorised Dealers (Credit Card Issuing Agencies) will be attached. In the case of business travel against Blanket Permission a photo-copy of the letter submitted by exporting firm under pare 35(iii) of this Chapter will also be attached with the returns.

(vi) Subsequent remittances made by the Authorised Dealers (Credit Card Issuing Agencies) in reimbursement of the amount utilised abroad by the credit card holders will be reported on Form 'M' and endorsed on the photocopy of the relative Blanket Permission/T-2 form which will be attached with form 'M'. In the case of business travel against Blanket Permission a photocopy of the exporting firm's letter referred to in Sub-para (v) above will also be attached.

(vii) While reporting the sale of foreign exchange in re-imbursement on account of utilisation of credit card abroad against Foreign Exchange Bearer Certificates, Authorised Dealers (Credit Card Issuing Agencies) will ensure that the particulars of Foreign Exchange Bearer Certificates (i.e. Serial number, denomination, date of issue and name of the issuing bank branch) encashed for the purpose are invariably indicated on the relative 'M' form.

(viii) A photocopy of Blanket Permission/Original T-2 form bearing Authorised Dealer's (Credit Card Issuing Agency's) endorsement regarding release of initial amount of foreign exchange as well as subsequent remittances made by the Authorised Dealers (Credit Card Issuing Agencies) will be submitted to the Control alongwith a monthly statement in the form appearing at Appendix V-86. This statement should reach the Area Office of the Exchange Control Department by the 10th of the month following the month to which it relates. In the case of business travel against Blanket Permission the original letter submitted by the exporting firm in terms of pare 35(iii) of this Chapter will also be attached with the return.

(ix) Initial release/all subsequent remittances shall also be endorsed by the Authorised Dealer on original Blanket Permission which on expiry of its validity will be surrendered to the Control in accordance with the instructions laid down in the Para 33(iii) of this Chapter.

37. Release of foreign exchange to business executives of firms/companies other than exporters against Credit Cards:-
The Credit Card facility as admissible to the bonafide exporters in terms of para 36 ibid can also be availed of by business executives of firms /companies other than exporters provided the firm/company is paying minimum income tax of rupee one million a year, after obtaining necessary approval from the area Exchange Control Office of the State Bank of Pakistan on production of the following documents through their bankers:

(a) Formal request of the firm/company for credit card facility to their executives.
(b) Valid Passports of the concerned persons together with original National Identity Cards.
(c) Attested copy of the latest Income Tax Assessment Order of the firm/company.
(d) Attested copy of the receipted challan evidencing payment of Income Tax during the preceding income year.

After obtaining State Bank of Pakistan's approval, following procedure will be followed:
(i) Firms/companies other than the exporters will approach the concerned Authorised Dealers (Credit Card Issuing Agencies) alongwith the Approval letter of State Bank of Pakistan and form "T-2" duly certified by the respective Chamber of Commerce and Industry/Trade Association. While issuing credit cards, the Authorised Dealers (Credit Card Issuing Agencies) shall make endorsement on the face of duplicate "T-2" form and on the back of State Bank of Pakistan's approval letter in the following format:

Name of Authorised Dealer (Credit Card Issuing Agency)
Credit Card No.........................................

Issued to Mr..........................................…

against S.B.P. Approval No........................

dated .........……………………………….

Date: Signature: .....................

The Authorised Dealer (Credit Card Issuing Agency) will retain a Photostat copy of State Bank of Pakistan's approval letter and return the original to the applicant.

(ii) The limit upto which the persons concerned may utilise the credit card facility shall be the maximum Business Travel Quota admissible under the rules for the time being in force less any amount of foreign currency notes/travellers cheques issued to them in Pakistan. If desired, the credit card holders can also utilise additional quota of U.S. 100/- per day subject to maximum of US$3000/- per visit against encashment of Foreign Exchange Bearer Certificates.

(iii) All remittances made by Authorised Dealers (Credit Card Issuing Agencies) in reimbursement of expenses incurred abroad by the holders of credit card will be reported in the monthly foreign exchange returns under the code relating to business travel.

(iv) If so desired by the persons concerned, initial release in the shape of either foreign currency notes or travellers cheques, can be obtained by them but only from the Authorised Dealer which has issued the credit card and from no other Authorised Dealer. Such sales will be reported to the Control under Code relating to business travel on "T-1" form with which a photo copy of State Bank of Pakistan's approval letter and "T-2" form duly endorsed by the Authorised Dealers (Credit Card Issuing Agencies) as per Appendix V-80 will be attached.

(v) Subsequent remittances made by the Authorised Dealers (Credit Card Issuing Agencies) in reimbursement of the amount utilised abroad by the Credit Card hoders will be reported on Form 'M' and endorsed on the photo copy of the relative 'T-2' form as per Appendix V-80 which will be attained with Form 'M' alongwith Photostat copy of State Bank of Pakistan's approval letter.

(vi) While reporting the sale of foreign exchange in re-imbursement on account of utilisation of credit card abroad against Foreign Exchange Bearer Certificates, Authorised Dealers (Credit Card Issuing Agencies) will ensure that the particulars of Foreign Exchange Bearer Certificates (i.e. Serial number, denomination, date of issue and name of the issuing bank/branch) encashed for the purpose are invariably indicated on the relative 'M' form.

(vii) A photo copy of State Bank of Pakistan's approval letter and Duplicate "T-2" form bearing Authorised Dealer's (Credit Card Issuing Agency's) endorsement regarding release of initial amount of foreign exchange as well as subsequent remittances made by the Authorised Dealers (Credit Card Issuing Agencies) will be submitted to the Control alongwith a monthly statement in the form appearing at Appendix V-86. This statement should reach the Area Office of the Exchange Control Department by the 10th of the month following the month to which it relates.

38. Combination of two exchange facilities :-
Authorised Dealers should not release foreign exchange for two different purposes at a time. In other words combination of two exchange facilities is not allowed.

39. Foreign Exchange facilities for studies abroad :-
Authorised Dealers may release foreign exchange without the prior approval of the State Bank to students desirous of studying abroad in accordance with the procedure set out below. It will, however, be ensured by the Authorised Dealers that no foreign exchange for studies abroad is released to a student whose financier/guardian/parents is residing and earning abroad.

I. Students will fill in the prescribed Application Form (Appendix V-87) in triplicate and present it to their bankers alongwith their passports and the following documents in original together with 3 sets of photo copies thereof::-

(a) National Identity Card, if over 18 years of age.
(b) Certificate of academic qualification.
(c) Letter of admission from educational institution abroad indicating nature of course and its duration or Form I-20 in the case of studies in U.S.A.
(d) Letter from the educational institution abroad showing break-up of the expenses like tuition fee, cost of books and other fees etc. payable to the institution and estimated living expenses.
(e) Evidence of scholarship/assistantship, if any, which the student will be receiving.

II. Authorised Dealers will scrutinise the Student Application Form in the light of the following rules in order to determine whether the course of study proposed to be undertaken by the student and the educational institution in which admission has been secured, qualify for foreign exchange facility for studies abroad:

(a) Diploma or under-graduate studies in all subjects.
Exchange facility for studies at diploma or under-graduate level is permitted in all subjects in any universities/institutions abroad. Minimum educational qualification for the purpose is Matriculation or as acceptable to the university/institution abroad where admission is desired to be obtained.

(b) Post-graduate studies.
Exchange facility for post-graduate studies IS permitted in technical as well as general fields only to graduates in first and second divisions. The field of post-graduate study should be in line with the subjects in which the students have graduated.

(c) Studies in U.S.A.
Exchange facility for undertaking approved studies in U.S.A. whether at under-graduate level or at post-graduate level is allowed only when admission is taken in an accredited institution as listed in the Booklet published by the American Council on Education for the Council on Post-secondary Accreditation, Washington D.C. 20036. Authorised Dealers should ensure that latest copy of the above Booklet remains available with them.

(d) Primary and Secondary Education.
No exchange facility should be allowed for primary or secondary education abroad.

III. If the scrutiny of the application by the Authorised Dealers reveals that the student is eligible for the grant of foreign exchange facility for studies abroad and that student has the prescribed qualification, foreign exchange on account of the following may be released by the Authorised Dealers at actuals:-

IV. Working of exchange entitlement :-
Foreign exchange entitlement of the student for one year will be worked out by the Authorised Dealer on the basis of letter of the educational institution indicating break-up of expenses and within the prescribed scales of education foreign exchange quota indicated above. Amounts of tuition and other fees and living expenses so worked out will be entered in the space provided for the purpose in the student Application Form.
Ref. FE Cir. No. 10 Dated 05th July, 2000

V. Calculation of exchange entitlement in the case of foreign cholarships /stipends/grants :-
In cases where a student is in receipt of a Scholarship/Grant from abroad his exchange entitlement may be worked out as under:

(a) Where the amount or financial aid being provided by the foreign institution is equivalent to or exceeds the total of the living allowance, tuition fees and other admissible items of expenditure to which the student would have otherwise been entitled in the country of studies, no additional foreign exchange should be released except an amount not exceeding U.S.$50/- (U.S. Dollar fifty) for enroute expenses.

(b) Where the amount of financial aid being provided by the foreign institution is less than the exchange entitlement as worked out at (a) above, difference between the aid received abroad and the exchange entitlement may be released.

(c) Where the Scholarship/Grant has been offered by a foreign Government or its agency directly, under a Technical Assistance Programme, the student should be asked to produce NOC from Economic Affairs Division, Government of Pakistan. In other cases of scholarship/grants offered by a foreign government or its agency NOC from Ministry of Education, Government of Pakistan should be required to be produced by the student.

VI. Remittance of Tuition and Other Fees :-
Tuition fee and other dues (Health, Insurance, Union, sports fees etc.) which are payable to the educational institution, should be remitted direct to the institution and not released to the student himself. Living expenses are to be remitted on monthly basis. Lapsed monthly quota for 3 consecutive months can also be remitted with the subsequent monthly remittance.

VII. Method of release of foreign exchange for living expenses etc./ renewal of exchange permits :-
Students should initially be released foreign exchange for 3 months in monthly instalments and advised by the Authorised Dealers that on their arrival in the country of their studies they should request their institutions for sending their recommendations to the Authorised Dealers in Pakistan well in time for continuation/extension of exchange facility to the students in the format (App. V-88). On receipt of the recommendations, the Authorised Dealers may renew the facility for the balance period of the first academic year. The renewal of the facility covering the full duration of the course will also be allowed by the Authorised Dealers on yearly basis on receipt of recommendations from the educational institutions concerned. Renewal of the facility in case of change of subject or change of institution may also be allowed subject to the following documents/conditions:-

(i) Conditions mentioned in paragraph 39-II
(ii) Self-explanatory letter from the student giving full justification for change of course/institution.
(iii) A letter from the new institution certifying that the previous credits will be accepted/amalgamated in the student's new course.
(iv) A letter of admission or I-20 Form from the new institution in case of change of institution.
(v) Fresh break-up of expanses including tuition fees etc. in case of change of institution.

In cases where recommendations for renewal of the exchange facility from the concerned institution are not received in time, Authorised Dealers may release foreign exchange for further two months only on an adhoc basis on approach by the the financier/guardian provided he confirms that the student is continuing his studies. No further renewal should be allowed unless recommendations of the institution are received by the Authorised Dealers.

VIII. Advance remittances for registration on a course or reservation of accommodation etc. :-
In cases where students are required to make advance remittance of tuition fees to the educational institutions in which they obtain admission for registration of a place on the course or make an advance deposit for reservation of accommodation in a dormitory or hostel, Authorised Dealers may approve remittance on production of documentary evidence in support of the requirement of advance remittance provided the financier/guardian of the student gives an undertaking to the effect that if the student does not proceed abroad for studies, the amount being remitted in advance will be repatriated to Pakistan. However, before approving remittances for the above purposes Authorised Dealers should ensure, through a scrutiny of the original documents, that the applicant is otherwise entitled to the exchange facilty for studies abroad as admissible under the rules. Such remittances should be adjusted from the future entitlement of the student on account of "tuition and other fees" and living expenses, as the case may be.

IX. Remittance of application money for admission :-
In cases where students are required to remit certain amount alongwith their application for admission in the foreign institution, Authorised Dealers may approve such remittances on production of documentary evidence showing the amount of application/admission fee. There is no restriction on the number of institutions to which a student can apply for admission.

X. Allotment of Registration Number of the Students :-
Each student application which qualifies for exchange facility will be given a distinctive Registration Number in the space provided in the Student Application Form. The Registration Number will invariably be quoted by the Authorised Dealer in all its correspondence in respect of the student concerned. While reporting remittances for education in their monthly exchange returns, Authorised Dealers will give Registration Number of the Student on Form 'M'.

XI. Functional utility of Student Application Forms :-
A copy each of the student Application Form with one set of photo copies of the relative documents will be sent by the Authorised Dealers to the Incharge (F.S.II) Section, Ministry of Education, Secretariat Block 'D', Government of Pakistan, Islamabad and the Pakistan Embassy concerned. The original application alongwith photo copy of the documents will be retained by the Authorised Dealers for their own record. Original documents will be returned to the student.

XII. Drawal of exchange quota during vacations :-
Airlines, Travel Agents/Shipping Companies have been given general permission to book passage of students who wish to come to Pakistan on vacation or for any other reasons on production of a simple declaration by the parents/guardian countersigned by the Authorised Dealers through whom remittances are made for educational expenses abroad. During the period a student remains on vacation in Pakistan, he may be allowed to draw full monthly student quota upto two months only. No maintenance quota should be allowed during the student's stay in Pakistan beyond two months. For this purpose the Authorised Dealers should obtain from the parents/guardian the probable dates of arrival and departure of the student, when approached for counter-signing the aforesaid declaration.

XIII. Release of Foreign Exchange for FRCS MRCP/MRCOG Examinations :-
(a) Authorised Dealers may release foreign exchange to the medical graduates on account of examination/tuition fees at actuals for appearing in FRCS/MRCP/MRCOG Examinations conducted by the Royal College of Physicians and Surgeons and Royal College of Gynaecology, United Kingdom and Ireland and other examinations of similar nature conducted by Medical Councils of U.S.A. and Canada. They are further authorised to release foreign exchange for living expenses at actuals as recommended by the Royal College of Physicians/Surgeons/Obstetricians & Gynaecologists etc. abroad to the medical graduates who intend to go abroad for attending post graduate short preparatory courses of 6 to 14 weeks' duration in connection with the above examinations. The medical graduates proceeding abroad only for taking the above examinations will not be entitled to any foreign exchange and they can utilize their Private Travel Exchange Quota for the purpose where available. Authorised Dealers are also hereby authorised to release foreign exchange at the rates normally admissible for short preparatory courses mentioned above for studies abroad to the medical graduates for the period of the unpaid clinical attachment (not exceeding 8 months) in connection with the above examinations, remittances being made on monthly basis.

(b) The following documents will be required for the release of foreign exchange for the above purpose:-
(i) Photocopy of the M.B.B.S. Degree.
(ii) Photocopy of Membership Certificate of Pakistan Medical Council.
(iii) Demand Note/Letter for Examination Fees, in original, from General Medical Council U.K./Ireland/U.S.A./Canada indicating the amount of examination fees and the schedule of examination dates.
(iv) An undertaking from those candidates who intend to proceed abroad for examination only that they will not claim any exchange facility from Pakistan except the PTEQ as admissible to them.
(v) Where applicable, Admission Letter/Letter from the Royal College of Physicians/Surgeons/Obstetricians and Gynaecologists detailing short preparatory post-graduate courses viz. duration of course, tuition fee, break up of living expenses for the duration of the course, etc.
(vi) Where applicable, an undertaking from the student that he will not claim any exchange facility from Pakistan in addition to one allowed to him for short preparatory courses before his departure from Pakistan.

40. Freight on Personal Baggage:-
(a) Airlines and Shipping Companies are authorised to accept freight at actuals in rupees on personal baggage, whether accompanied or unaccompanied, both in respect of outward and inward journeys originating from Pakistan and terminating abroad, or originating from abroad and terminating in Pakistan, from travellers other than those who are covered by para (c) below. Airlines/Shipping Companies can also accept outward excess baggage, whether accompanied or un-accompanied, on freight-to-pay basis without limit. However, it will be the responsibility of the Airlines to ensure that in respect of accompanied baggage, Excess Baggage Tickets are issued at actual weight basis and passengers are not provided with Miscellaneous Charges Orders for the purpose.

(b) Shipping Companies/Airlines may accept payment of freight in rupees in connection with the export of gift parcels of value upto Rs.500/ per packet and bonafide free trade samples F.O.B. value of which does not exceed U.S.$1000/- per consignment. Manufacturers of leather garments are entitled to export 50-samples in a calendar year irrespective of the monetary ceiling. The Shipping Companies/Airlines while reporting such collections to the Control in their monthly returns of passage and freight collections should enclose a copy of the Airway Bill/Bill of Lading in support of the relative freight collections.

(c) In respect of categories of travellers mentioned in sub-paras 8(a), 8(b)(i) and 8(e)(i) above, Airlines/Shipping Companies can accept freight without limit for transportation of personal effects whether accompanied or un-accompanied on outward journey subject to the same conditions as laid down in the said sub-pares for booking of passage.

41. Issue of Foreign Currency Notes and Travellers Cheques against surrender of Foreign exchange:-

42. Conversion of Unspent Balance of Rupees by Foreign Nationals :-
Authorised Dealers may allow conversion into foreign exchange of the unspent amount, without any limit, left with the foreign tourists out of proceeds of foreign exchange encashed by them in Pakistan. Reconversion facility will be provided on production of encashment certificate (App. V-13) by the foreign tourist or on the basis of endorsement recorded on his passport by Authorised Dealer at the time of purchase of foreign exchange. The relative encashment certificate or copy of the relevant pages of passport shall be submitted to the State Bank alongwith the monthly returns.

43. Endorsement on Passports and Tickets :-
The amount of exchange sold by the Authorised Dealers together with the date on which the sale is made must be recorded on the traveller's passport under the stamp and signature of the Authorised Dealers at the time the sale is made. The endorsement should be made on the special pages provided for the purpose. The exchange issued should also be endorsed on the person's air/steamer ticket. Authorized Dealers should not sell any exchange unless a person holds a ticket for departure on a definite date and that such a date is not later than two weeks from the date on which the exchange is issued. No exchange should be sold against tickets which do not specify the date of departure provided that these instructions do not apply if a person is travelling by land route where only the passport will be endorsed.

44. Form in which Exchange may be issued :-
(i) Exchange granted for travel purposes should be issued only in the Form in the form of travellers cheques or circular letters of credit or in foreign currency notes or coins. It may be issued in the form of T.T. or M.T. also or Draft but in such cases, it should be expressly provided that payment by the drawee bank shall be made only on the personal application and identification of the traveller. When issuing travellers cheques or circular letters of credit, the Authorised Dealers should invariably mention therein, the place and date of issue. The travellers the cheques or circular letters of credit must be signed personally by the applicant in the presence of the Authorised Dealer. The travellers cheques issued against the admissible Private Travel Exchange Quota will be branded by the Authorised Dealers with a rubber stamp containing narration "Good for encashment outside Pakistan and in case of encashment in Pakistan, proceeds will be paid in Pakistan rupees only". The Authorised Dealers will maintain record of Travellers cheques sold by them in a register with the prescribed ruling (Appendix V - 89).

(ii) The release of admissible Private Travel Exchange Quota to the travellers proceeding abroad by land route in the shape of foreign currency notes will be restricted to US$100 only. The balance amount of admissible quota will be released in the shape of travellers cheques duly branded with rubber stamp as stipulated in the preceding sub-para.
(Ref. )

45. Surrender by Travellers of Unspent Foreign Exchange :-
Attention of all persons granted foreign exchange for travel abroad should be drawn by the Authorised Dealers to sub section (3) of Section 4 of the Act. No person who acquires foreign exchange for travel can use it for a purpose other than for his living or travelling expenses in the country for which exchange is issued. In the case of special allotments made by the State Bank, the exchange can be utilised only for the purpose for which it is sanctioned. All unspent amounts of foreign exchange should be sold to an Authorised Dealer by the traveller immediately on his return to Pakistan. If so desired by the person concerned, the amount of foreign exchange thus surrendered may be endorsed on his/her passport.

46. Exchange for Hajj :-
The Government of Pakistan announce each year the scale on which foreign exchange will be released to intending pilgrims to Saudi Arabia. Foreign exchange may be released by Authorised Dealers to intending pilgrims either in the form of Pilgrim Notes or travellers cheques or circular letters of credit negotiable in Saudi Arabia only. In such cases Author-ised Dealers will release exchange on the scales and in accordance with the special instructions and conditions which are laid down by the Government for different categories of pilgrims each year.

47. Remittances for maintenance expanses of the families of Pakistanis living abroad temporarily :-
State Bank considers the requests for following remittances in foreign exchange on account of living expenses of families of Pakistani nationals living abroad temporarily for some genuine personal reasons and whose cases are not covered by para 24 and 39 of this Chapter provided the following documents are submitted:

(i) Application from Pakistan national resident in Pakistan indicating the purpose for which the family went abroad and the reason for its continued residence abroad and the probable period of stay abroad.

(ii) A certificate from Pakistan Embassy/High Commission in the concerned country confirming the reason of stay abroad of the family, expected period of stay, the number of persons in the family and the amount required per month for maintenance. The Certificate should confirm that the concerned persons hold Pakistani passports.