Non-resident rupee account holders may have ATM cards

The State Bank has allowed the banks to issue ATM cards as well as Supplementary ATM cards to individual non-resident rupee account holders, and exempted them from filling Form A-7.
"With a view to facilitating the individuals maintaining non-resident rupee accounts, it has been decided to allow the banks to issue ATM Cards as well as Supplementary ATM Cards to the individual non-resident rupee account holders," said a circular issued by the SBP on Friday.
The withdrawals through ATM Cards should, however, only be allowed in Pakistan, the circular added.
The existing requirement of filling in Form A-7 on account of all withdrawals in Pak rupee from the above accounts for personal expenses would not be applicable to the ATM transactions, said the circular.
However, banks would be required to submit a consolidated statement showing ATM transactions in the said accounts to the Director, Statistics Department, SBP, Karachi on monthly basis.