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Regulations and Statutory Requirements |
As
it is laid down in the policy frame work of the SBP, KKI
will report and will maintain a proper and complete record
of all the remittances going out of the country and it is
understood that all such transactions will be regulated by
our Apex bank.
SBP has given pre approval to the remittances of the
following items and thus they will be performed under the
general authority granted by SBP:
Books and magazines
Membership fee
Examination fee
Royalty and Technical fee
Advertisement charges
Tender document fee |
It
is to be noted that the above-mentioned transactions will be
reported to the SBP in specified formats on a monthly basis.
Also, as mentioned earlier, complete record of the remitter
will be maintained to avoid any discrepancy in the
transactions.
Another worth mentioning point here is that the
above-mentioned transactions are subject to certain
conditions laid down by the SBP and KKI will always follow
them. Complete scrutiny of the transactions will be done
against the rules, regulations and the conditions of the SBP.
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