Course Details
Foreign Exchange Regulations and Banking
Foreign Exchange Regulations and Banking

In Pakistan we have stringent banking Regulations. Corpo-rate Institutions have very limited authority to remit funds in foreign currency (FCY) without specific or general approval from the Central Bank from their PKR accounts. As Central Banks Regulations Repatriation of funds and inflows in Paki-stan in FCY or PKR require Central Bank approval.

Scope of Workshop

In Pakistan we have stringent banking Regulations. Corpo-rate Institutions have very limited authority to remit funds in foreign currency (FCY) without specific or general approval from the Central Bank from their PKR accounts. As Central Banks Regulations Repatriation of funds and inflows in Paki-stan in FCY or PKR require Central Bank approval.

In any bank specialized services of Foreign Exchange Solu-tions& Advisory is in accordance with increasing demands of FX business and completely alignment with organization-al strategy of any organization.

Through this specialized course on Foreign Exchange & Cash Management organizations can facilitate their inter-nal & external customers as per the requirements of State Bank of Pakistan. This course is very helpful in building per-ceptive opinion and to increase understanding about SBP issues relating to Foreign Exchange by intimating them about real life problems with recommendation of solutions.

Structure of Workshop:

Introduction of Foreign Exchange & Cash Management

Types of offshore Financing (Working Capital, General Purpose, Supplier Credit, Project Financing )

Repatriation of Funds &Types of Commercial Remittances

Types of Foreign Currency Accounts

Mechanism of Foreign Exchange Operations

Foreign Exchange Regime of Pakistan & Banking

Equity Base Investment outside Pakistan.

Case Study and Group Discussion

Benefits of the course:

Major Area of Course: Advisory on Cash Management, Shipping & Airline Remittances, Acquisitions & Mergers, Offshore Financing, Foreign Direct Investment (FDI), Equity Based investment outside Pakistan, Offshore Project Financing, Commercial Remittanc-es, Royalty and Technical Fee, Repatriation of Profits etc.

Marketing & Business Development: Identify and opportunities in existing and potential customer base. Prepare proposals and give presentations to clients. Undertake client on-boarding exercise to expand portfolio and in turn capture more business and enhance relationship returns.

Multinational & Local Corporate: By using Foreign Exchange Specialized course banks & companies can manage their cash management and other Banking Facilities.
State Bank of Pakistan: Liaison with State Bank of Pakistan regard-ing taking of approvals for foreign currency related transactions.

Compliance & Risk Control: Adhere to internal control standards and implement Internal and external audit points as and when required. Comply with Group guidelines as well as local regulatory requirements. Obtain opinions from internal and external legal advisors to ensure legal, operational and reputation risks are adequately mitigated.
Servicing: Actively liaise as needed with any Group office or internal department in servicing the client. Respond to client queries and resolve potential or actual conflicts.

Who should Attend this Workshop ?

Foreign Exchange Officials, Branch Operation Manager, Risk Managers, Treasury Officials, FX Dealers, Payments and Cash Management Officials, Internal Control. Finance Officials, Compliance Officials, Product Managers, Business Managers, Trade Officials, Internal Audit Managers, Institutional Business, Client Management, Financial Institutions.

  1. Introductory:
    What is Foreign Exchange
    Role of Authorized Dealer  
     
  2. Banks & Foreign Exchange:
    Authorized Rates of Foreign Exchange
    Forward Exchange Facilities
    Forward Quotations
     
  3. FEX Rates & Forward Covers:
    Forward sale against investment by Non-Residents
    Cancellation of forward contracts
    Private Foreign Currency Accounts
    Foreign Currency Accounts with Banks in Pakistan
    Debit & Credit in Foreign Currency Accounts
     
  4. Foreign Currency Accounts Private Non-Resident Rupee Account
    F.E. 25 Scheme
    Different Types of Foreign Currency Accounts
    Payments by Foreign Nationals in Foreign Currencies.
    Foreign Exchange received by Residents in Pakistan
    Mechanism of Non- Resident Account 
     
  5. Inward & Outward Remittances:
    Inward Remittances
    Outward Remittances
    Mode of Remittances
    Processing of Approved Form etc
    Cancellation of Inward & Outward Remittances
    Remittance of Surplus Passage and Freight Collections
     
  6. Commercial Remittances (Other than Import & Export):
    Remittance of Royalty/Franchise and Technical Fees
    Technical Services and Consultancy Agreements and Engagement of Foreign Technicians
    Remittances by Information Technology Sector
    Remittance of Profits by ForeignBanks/Companies
    Payment of Dividend to Non-Resident Shareholders
    Advertisements in Newspapers and Magazines abroad
     
  7. Private Remittances:
    Family Remittance Facilities
    Subscription
    Import by Actual Users
    Membership Fees of Bonafide Social Clubs etc
     
  8. Foreign Currency Loans:
    Types of Loans
    Short Term FCY Loans
    Long Term FCY Loans
    Project Financing
     
  9. Securities:
    Definitions
    Import & Export of Securities
    Procedure for issue of Shares
    Disinvestment of Shares
    Trading of Quoted Shares by Non-Residents
    Investment Abroad by Residents

     

  10.  

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