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PAKISTAN PRESIDENT ISSUES DECREE PROTECTING FOREIGN CURRENCY.

AsiaPulse News

| October 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ISLAMABAD, Oct 1 Asia Pulse - President Pervez Musharraf has issued an ordinance to protect foreign currency accounts (FCA).

According to the Foreign Currency Accounts (Protection) Ordinance, 2001, "no person holding a foreign currency account shall be deprived of his right to hold and operate the foreign currency account."

The FCA holder would not be restricted in any manner, temporarily or permanently, to lawfully sell, withdraw, remit, transfer, or use as security within or outside Pakistan.

Under the law, no suit or other legal proceedings should lie against the federal government or any person for anything done in good faith done or ...

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Source: HighBeam Research, PAKISTAN PRESIDENT ISSUES DECREE PROTECTING FOREIGN CURRENCY.

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