04-13-2010, 12:35 AM
Dear Star,
There is no issue if the remittance has been received in company's account provided that purpose of remittance has been shown as "Investment" in form R, which is to be filled in by the banker, before crediting customer's(Company's) account.
As far as your second query is concerned, You may simply send him a cheque of the amount due. Which he would submit in his bank. However, it would take around 30-40 days to be credited in his account (or debited from your account).
An alternative way is also convenient that is called "Telegraphic Transfer" i.e. TT through banking channel, it would take around 24-48 hours to be remitted. However, since it is to be sent by a company from Pakistan, it would require permission from SBP, which your banker would arrange for you.
Best Regards,
Faisal
There is no issue if the remittance has been received in company's account provided that purpose of remittance has been shown as "Investment" in form R, which is to be filled in by the banker, before crediting customer's(Company's) account.
As far as your second query is concerned, You may simply send him a cheque of the amount due. Which he would submit in his bank. However, it would take around 30-40 days to be credited in his account (or debited from your account).
An alternative way is also convenient that is called "Telegraphic Transfer" i.e. TT through banking channel, it would take around 24-48 hours to be remitted. However, since it is to be sent by a company from Pakistan, it would require permission from SBP, which your banker would arrange for you.
Best Regards,
Faisal
