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FOREIGN CURRENCY LOANS 
(RATE OF EXCHANGE) ORDER , 1982

 

                              [27th February, 1982]

 

 

Preamble : Whereas, for the removal of doubts, it is necessary to declare the matters hereinafter appearing, including the rate of exchange applicable for the purpose of repayment of loans advanced in foreign currencies;

Now, therefore, in pursuance of the Proclamation of the fifty day of July, 1977, read with the Laws (Continuance in Force) Order, 1977 (C. M. L. A. Order No. 1 of 1977), and in exercise of all powers enabling him in that behalf, the President is pleased to make the following Order :-

  1. Short title, extent, application and commencement : (1) This Order may be called the Foreign Currency Loans (Rate of Exchange) Order, 1982.

(2) It extends to the whole of Pakistan and also applies to the business of a financial institution transacted outside Pakistan.

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