ORGANIZACIÓN MUNDIAL  
DEL COMERCIO  S/DCS/W/PAK 
24 de enero de 2003 
 (03-0500) 
Comercio de Servicios Original:   inglés 
   
PAKISTÁN 
 
Proyecto de Lista refundida de Compromisos Específicos
1 
 
 
 El documento adjunto contiene un proyect o de la Lista refundida de Compromisos 
Específicos de Pakistán, en formato Word.  Este documento no sustituye los compromisos 
jurídicamente vinculantes contraídos por Pakistán en su Lista de Compromisos Específicos (GATS/SC/67;  GATS/SC/67/Suppl.2/Rev.1;  GATS/SC/67/Suppl.3). 
 
 Adjunto al proyecto de lista refundida figura la Lista refundida de Exenciones del Artículo II 
(NMF) de Pakistán (GATS/EL/67;  GATS/EL/67/Suppl.1 y GATS/EL/67/Suppl.2).   Los proyectos de la Lista y de la Lista de Exenciones del trato NMF refundidas fueron preparados por la Secretaría, a petición de lo s Miembros, para facilitar el proceso de las 
negociaciones, incluida la presentación de ofertas iniciales. 
 
_______________ 
                                                           
1 Este documento se ha preparado, en inglés solament e, bajo la responsabilidad de la Secretaría y sin 
perjuicio de las posiciones de los Miembros ni de sus derechos ni obligaciones en el marco de la OMC.  S/DCS/W/PAK 
Página 2  
Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
I. HORIZONTAL COMMITMENTS 
 ALL SECTORS  
 INCLUDED  
 IN THIS SCHEDULE 
    
 
 3) (i) Except in the case of representative  
 offices where specifically provided for in this  
 Schedule, commitments under 'commercial  
 presence' are subject to incorporation in   Pakistan with maximum foreign equity  
 participation of fifty one per cent unless a  
 different percentage is inscribed against a   particular sector or subsector 
 
 (ii) All expenses of representative  
 offices where specifically provided for  
 in this Schedule, shall be met by remittances  
 from abroad.  Such offices shall restrict their   activities to the undertaking of liaison work or  
 of representing the interest of the parent  
 company abroad. 
 3) Acquisition of real estate by non-Pakistani  
 entities and/or persons is subject to  
 authorization on a case-by-case basis keeping  
 into account the purpos e and location of the  
 undertaking 
 
  
 
 4) Unbound, except for m easures concerning the  
 entry or temporary stay of natural persons up  
 to a maximum of fifty per cent in superior  
 categories (namely,  Executives and   Specialists) in an undertaking.  These natural  
 persons shall have been employed by juridical  
 persons of another Member for a period of not   less than one year prior to the date of  
 application for entry into Pakistan, and shall  
 be transferred to render services to the   juridical person in Pakistan. 
  
 
   S/DCS/W/PAK
 Página 3Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
 (i) Executives  are: 
 persons within an organization who primarily   direct the management of the organization or  
 establish goals and policies for the  
 organization or a major component or function  of the organization, exercise wide latitude in  
 decision-making, and receive only general  
 supervision or direction from higher level   executives, or the Bo ard of Directors. 
  
 
 (ii) Specialists  are: 
 persons within the organization who possess   knowledge at an advanced level of expertise  
 and who possess proprietary knowledge of the  
 organization's product, service, research   equipment, techniques and management 
  
  S/DCS/W/PAK 
Página 4 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
II. SECTOR SPECIFIC COMMITMENTS 
 
1. BUSINESS SERVICES 
    
 Services incidental to  
 agriculture and forestry  
 (excluding fishing and   hunting)  
 (CPC No. 881+882) 
 1) Unbound 
2) Unbound* 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound 
2) Unbound* 
3) None 4) Unbound except as indicated under horizontal  
 measures 
   
 
 Services incidental to  
 mining  
 (CPC No. 883+5115)  1) Unbound 
2) Unbound* 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound 
2) Unbound* 
3) None 4) Unbound except as indicated under horizontal  
 measures 
  
 Engineering services for  
 building infrastructures:  
 harbours, dams, hydal   power, and airports, only 
 (CPC No. 8672) 
 1) Unbound 
2) Unbound* 
3) (i) Maximum of 40 per cent foreign   shareholding in engineering consultancy  
 companies; 
 (ii) Subject to partnership and/or joint venture 
 with Pakistani engineers or engineering  
 companies. 4) Unbound except as indicated under  
 horizontal measures 
 1) Unbound 
2) Unbound* 
3) None  
 
 
 
 4) Unbound 
  
                                                           
 * Unbound due to lack of technical feasibility. 
   S/DCS/W/PAK
 Página 5Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
 Integrated engineering  
 services (CPC No. 8673)  1) Unbound 
2) Unbound* 3) (i) Maximum of 40 per cent foreign  
 shareholding in engineering  
 consultancy companies;  (ii) Subject to partnership and/or joint venture 
 with Pakistani engineers or engineering  
 companies. 1) Unbound 
2) Unbound* 3) None 
 
  
 4) Unbound except as indicated under horizontal  
 measures 
 4) Unbound 
  
B. Computer and Related 
 Services  
    
 Consultancy services  
 related to the installation of  
 computer hardware 
 (CPC No. 841)  1) Unbound 
2) Unbound 
3) None 
4) Unbound except as indicated under horizontal   measures 
 1) Unbound 
2) Unbound 
3) None 
4) Unbound except as indicated under horizontal   measures 
  
 
 Software implementation  
 services (CPC No. 842) 
 1) Unbound 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
  
 
 Data processing services  (CPC No. 843) 
 1) Unbound 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
  
 
 Data base services  (CPC No. 844) 
 1) Unbound 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
  
  S/DCS/W/PAK 
Página 6 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
 R&D services on natural  
 sciences (CPC No. 851)  1) Unbound 
2) None 
3) None 
4) Unbound except as indicated under horizontal  
 measures.  1) Unbound 
2) None 
3) None 
4) Unbound except as indicated under horizontal  
 measures  
 Technical testing and  
 analysis services 
 (CPC No. 8676)  1) Unbound* 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound* 
2) None 
3) None 4) Unbound except as indicated under horizontal  
 measures 
   
 
2. COMMUNICATION SERVICES 
 
C. Telecommunications services  
 General conditions of this schedule:  This offer is subject to the following general conditions
: 
 - Policy, regulatory and operation functions are separate and compliance is necessary. 
- All services to be provided in Pakistan shall require a li cence from the Regulatory authority established under the law. 
- Operators and Service providers may be granted licence in accordance with the local legislation. 
- The number of operators, service providers and licensees may be limit ed due to technical constraints. 
- The confidentiality of International Total Accounting Rate (TAR) shall be maintained. - The bilateral agreements on accounting rates shall be in accordance with ITU guidelines. 
- Up to 100% foreign investment on licensed services may be permitted. 
- This schedule on basic telecommunications does not include any broadcasting services.
1 
 
                                                           
 * Unbound due to lack of technical feasibility. 
 1 Broadcasting service is defined as a radiocommunication service in which the transmissions are intended for direct reception b y the general public.  This service may 
 include sound transmission, television transmissions or other types of transmissions.  In Pakistan Telecom Law, like many othe r countries, broadcasting is not part of 
 basic telecommunication services.   S/DCS/W/PAK
 Página 7Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
 Local, domestic long  
 distance and international   services, for public: 
  Until 2003, no bypass
2 of PTCL network and  
 PTCL shall have exclusivity.  
 None as of 1.1.2004.  
  
 About 12 per cent stake of 
the Pakistan Telecommunication 
Corporation (PTC), the 
sole operator for  all basic Telecommunication 
Services was sold to the 
national and international buyers in 1994-95 through 
two  different offers of 
PTC vouchers in national and international 
financial markets.
  
 
(a) Voice telephone services 1) All telecommunication services shall be  
 provided by licensed operators subject to the   exclusivity period of 7 years for basic  
 telephony services under the law in favour of  
 PTCL. This  exclusivity shall expire by the  year 2003. 
 
 None as of 1.1.2004. 2) Alternative practices su ch as call back are not  
 allowed. Country direct card service can only  
 be permitted by mutual agreement with the   licensed operator. 
3) Unbound 
4) Unbound except as indicated in   horizontal section. 1) Unbound 
  
 
  
 
 2) Unbound 
 
  
3) Unbound 
4) Unbound except as indicated in   horizontal section. The offers were many 
times over subscribed. The Corporation has  been, 
inter alia, converted into a 
limited company  namely Pakistan 
Telecommunication 
Company Ltd (PTCL)  with effect from 1  
January, 1996 through  
the promulgation of a  law.  Bound with US$ 150 
million have been floated 
with an option to convert them into PTCL shares. 
                                                           
 2 The GMPCCS/Satellite opera tors shall be reputed to pass traffic via Pakistan  PSTN through transit and Gateway exchanges, speci ally in case of overseas communication from Pakistan.  
 Any operation contrary to this shall be termed as ‘bypass”. 
  S/DCS/W/PAK 
Página 8 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(b) Packet-switched data,  
 E-mail, Internet and  Intranet services 
 
(c) Circuit-switched data   transmission services 
 
 1) Until 2003, except for domestic  
 VSAT, only through network  facilities of PTCL. The regulatory 
 authority to grant licences and  authorizations 
 to private companies  for operation of data, E- mail, Internet and Intranet services in addition 
 to the licences already granted. 
2) None 
 1) Unbound 
  
 
  
 
2) None Privatization of PTCL is 
on the anvil.  The management of the 
Company shall be 
transferred to the  selected strategic operator.  
Exclusive licence for 
operation of basic telephony services for a 
period of 7 years granted 
to the PCTL. 
 3)  Subject to technical constraints, the  
 regulatory authority to grant licences and 
 authorizations to private companies for 
 operation of domestic VSAT, data, E-mail,  Internet & Intranet services in addition to the 
 licences already granted. 
 4) Unbound except as indicated in  
 horizontal section. 3) None except for technical constraints 
 
 
  
 
 4) Unbound except as indicated in  
 horizontal section The Pakistan 
Telecommunications (Re- 
organisation) Law has 
been passed as an Act of Parliament in October 
1996.  An independent 
Regulatory Authority and a Frequency Allocation 
Board have been 
established. Chairman, 
members and other 
essential staff of these bodies is already in place. 
The  Authority and Board 
are already functional.  To support effective 
regulation and 
spectrum management GOP is undertaking of 
PTA & FAB. 
   S/DCS/W/PAK
 Página 9Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(d) VSAT for domestic data  
 services  1) The regulatory authority to grant licences and  
 authorizations to private companies for   operation of VSAT for domestic data, E-mail,  
 Internet and Intranet services in addition to the 
 licences already granted 2) None 
3) None 
4) Unbound except as indicated in the horizontal   section 
 1) None 
  
 
 2) None 
3) None 
4) Unbound except as indicated in the horizontal   section The Pakistan 
Telecommunication Authority established 
under the law as an 
independent body is responsible to: 
- Regulate  
 telecommunication   services. 
- Grant and renew 
 licences. - Promote and protect  
 the interests  
 of consumers 
    - Promote efficient cost  
 effective  
 and competitive  
 services. - Carry out inspections. 
- Regulate tariffs. 
(e) Telex services  
  
 1) None 
2) None 
3) None 4) Unbound except as indicated in horizontal  
 section. 
 1) None 
2) None 
3) None 4) Unbound except as indicated in horizontal  
 section. 
  
 
  S/DCS/W/PAK 
Página 10 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(f) Telegraph services 
 1) The regulatory authority shall grant licences  
 and authorizations to private companies for  
 operation of Telegraph services using PTCL  
 infrastructure until 2003. 
2) None 3) None 
4) Unbound except as indicated in horizontal  
 section.  1) None 
  
 
2) None 3) None 
4) Unbound except as indicated in horizontal  
 section.  - Prescribe standards 
- Determine terms of   interconnection  
 agreements. 
- Investigate and   adjudicate on  
 complaints. 
- Enforcement on  valuation 
- International traffic  
 and   accounting  
 settlements. 
- Issue regulations. - Receive applications  
 for frequency  
 allocation.   S/DCS/W/PAK
 Página 11Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(g) Facsimile services 
  1) None 
2) None 3) None 
4) Unbound except as indicated in  
 horizontal section.  1) None 
2) None 3) None 
4) Unbound except as indicated in  
 horizontal section.   
 
(h) Private leased circuit  
 services 
 1) Pakistan Telecommunication  
 Company Limited except for  
 domestic VSAT, is the exclusive   service provider for seven years. This  
 exclusivity shall expire by the year  
 2003.  
 None as of 1.1.2004. 1) Unbound 
 
  
 
 The frequency allocation 
Board 
established under the law is responsible to allocate 
and assign frequency 
spectrum for telecommunication, 
broadcasting public and 
private wireless services and classify radio 
telecommunication 
services.  
 2) None 
3) Pakistan Telecommunication  
 Company Limited except for  
 domestic VSAT, is the exclusive   service provider for seven years. This  
 exclusivity shall expire by the year  
 2003. 4) Unbound except as indicated in horizontal  
 section. 2) None 
3) Unbound 
 
  
 
 4) Unbound except as indicated in horizontal  
 section. Appeals against the 
decisions of the Authority 
may be filed in the High 
Court Following services have been licensed to the 
private operators  and 
further licensing could be possible: 
  S/DCS/W/PAK 
Página 12 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(i) Video conferencing tele- 
 medicine and tele-  education  
 terminal end services 
 1) The regulatory authority shall grant  
 licences and authorizations to private   companies for operation of video- 
 conferencing, tele-education and  
 telemedicine services, using PTCL   network until seven years. 1) None 
  
 - Cellular Mobile  
 telephone services. - Card pay phones 
 services  
- Paging - Data network 
 operation  
- Voice Mail Service - Audio Tex Service 
 2) None 
3) None 
4) Unbound except as indicated in   horizontal section 2) None 
3) None 
4) Unbound except as indicated in  
 horizontal section 
 - Trunk Radio service 
- Electronic Mail and  
 internet services - Use of domestic  
 satellites for provision  
 of telecom services  - Manufacture of telex,  
 fax, all 
 PABXs/Digital   exchanges and  
 modems 
   - manufacture of  
 Fibre/Optic/copper  
 cables - manufacture of  
 telephone sets,  
 terminal equipment   answering  
 machine etc. 
- manufacture of  
 jointing material  
 or copper/optic cables 
   S/DCS/W/PAK
 Página 13Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(j) Trunked radio service 
  
 
 1) The regulatory authority to grant licences and  
 authorizations to private companies for   operation of Trunked Radio service in  
 addition to the licences already granted using  
 PTCL network until 2003.  2) None 
3) None 
4) Unbound except as indicated in   horizontal section 1) None 
  
 
 2) None 
3) None 
4) Unbound except as indicated in the horizontal  section Regulatory Authority shall 
grant licences on competitive basis as per 
telecom law and 
regulations. Regulatory Authority may 
grant licences for  satellite 
based services on following conditions: 
   
 
 (a)  Frequency clearance 
 by Board 
(b)  Security and   sovereignty  
 regulations 
(c) Availability of   ITUT/R standards 
(d)  resolution of cross- 
 border   communication  
 issues; and 
(e)  resolution of Customs  
 procedures 
 
(k) Satellite based telephony  
 services,  including value  
 added services operating   over satellite 
 
  1) Maintaining PTCL exclusivity for  
 seven years on basic and  
 international telephony services and   safeguarding PSTN bypass licences  
 shall be granted 
2) None 3) None 
 
 4) Unbound except as indicated in  
 horizontal section 
 1) None 
 
  
 
2) None 3) None except for technical, sovereignty,  
 security constraint s and safeguarding  
 PSTN bypass 4) Unbound except as indicated in  
 horizontal section 
  
 
  S/DCS/W/PAK 
Página 14 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
 On-line information and  
 data base retrieval  (CPC No. 7523) 
 1) None 
2) Unbound 3) (a) As in measures applicable to all  
 sectors 
 (b) Subject to use of Pakistan   Telecommunication Corporation network 
4) Unbound except as indicated under  
 horizontal measures  1) None 
2) Unbound 3) None 
 
  
4) Unbound except as indicated under  
 horizontal measures   
  
 On-line information and/or  
 data processing 
 (CPC No. 843)  1) Unbound 
2) Unbound 
3) (a) As in measures applicable to all   sectors 
 (b) Subject to use of Pakistan  
 Telecommunication Corporation   network 
4) Unbound except as indicated under  
 horizontal measures  1) Unbound 
2) Unbound 
3) None  
 
  
4) Unbound except as indicated under  
 horizontal measures   
   S/DCS/W/PAK
 Página 15Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
3. CONSTRUCTION AND  
 RELATED   ENGINEERING  
 SERVICES    
B. Construction Work for  
 Civil   Engineering for bridges,  
 elevated highways, tunnels  
 and subways  (CPC No. 5132) 
 1) Unbound* 
2) Unbound* 3) (i) As in measures applicable to all  
 sectors; 
 (ii) Subject to partnership and/or joint   venture with Pakistani engineers or  
 engineering companies. 
4) Unbound except as indicated under   horizontal measures 
 1) Unbound* 
2) Unbound* 3) None 
 
  
 
4) Unbound  
   
 
 Construction Work for  
 Civil  
 Engineering for waterways,  
 harbours, dams and other   waterworks 
 (CPC No. 5133) 
 1) Unbound* 
2) Unbound* 
3) (i) As in measures applicable to all  
 sectors;  (ii) Subject to partnership and/or joint  
 venture with Pakistani engineers or  
 engineering companies. 
4) Unbound except as indicated under  
 horizontal measures  1) Unbound* 
2) Unbound* 
3) None 
  
 
 
4) Unbound 
    
 
                                                           
 * Unbound due to lack of technical feas ibility.  
  S/DCS/W/PAK 
Página 16 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
7. FINANCIAL SERVICES 
  Pakistan undertakes the Commitments on Financial Services in terms of the provisions of Part III of the Agreement.  These comm itments are based on the 
 understanding outlined in Article XIX of the Agreement, and ar e subject to the availability of similar commitments from large number of countries of significance to 
 Pakistan.  For these reasons, Pakistan does not consider itself to be prevented from adopting or enforcing non-discriminatory measures aiming at protecting the 
 soundness and integrity of banking and insurance industry. 
 
A. Insurance and Insurance-  
 related Services  
 
 
 Insurance     
- Life 
 1) Unbound 
2) Unbound 
3) (a) Bound for the existing foreign   insurance services providers as to  
 their scope of operations and equity  
 structure.  (b) Maximum of 25% of foreign  
 shareholding in existing life insurance  
 companies. 
 (c) Foreign equity in new life  
 insurance companies permitted up to   51%. 
4) Unbound except as indicated under  
 horizontal measures.  1) Unbound 
2) Unbound 
3) Unbound  
 
  
 
 
 
  
4) Unbound except as indicated under  
 horizontal measures.   
 
- Non-life 
 1) Unbound 
2) Unbound 3) Bound for the existing foreign  
 insurance services providers as to  
 their scope of operations and equity   structure. 
4) Unbound except as indicated under  
 horizontal measures.  1) Unbound 
2) Unbound 3) Unbound 
 
  
4) Unbound except as indicated under  
 horizontal measures.   
   S/DCS/W/PAK
 Página 17Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
 Reinsurance services  
 Reinsurance services and   retrocession 
 (CPC 81299) 
 1) None 
2) Unbound 3) Unbound 
4) Unbound except as indicated under  
 horizontal measures.  1) Unbound 
2) Unbound 3) Unbound 
4) Unbound except as indicated under  
 horizontal measures.   
 
B. Financial Services  
 (excl. insurance) 
  The commitments in Financial  
 Services are given to the nationals and  
 financial institutions of the Members   whose laws and policies do not bar the  
 provision of similar commitments to  
 the Pakistani nationals and financial   institutions. 
  Provisions of all banking and financial  
 services in Pakistan  are subject to the  
 injunctions regarding Islamic banking   as pronounced by the competent courts  
 in Pakistan. 
   
 
I. Banking    
(a) Acceptance of deposits and   other repayable funds from  
 the public in Pakistan 1) Unbound 
2) Unbound 
3) (i) Bound for the volume of deposits   and other repayable funds mobilised  
 by foreign banks in Pakistan as at the  
 time of conclusion of the Negotiations  
 on 12 December 1997.  1) Unbound 
2) Unbound 
3) The shares held by foreign nationals   and foreign financial institutions in their  
 locally incorporated subsidiaries not  
 transferable without the prior written  
 approval of the Central Bank.  
  
 (ii) Foreign banks (oth er than those already 
 operating their branches in Pakistan as on 
 12 December 1997) permitted to accept  deposits and other repayable funds from 
 public by setting up locally incorporated 
 limited companies with foreign equity  ownership up to 49%. 
    S/DCS/W/PAK 
Página 18 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
  Licence to undertake commercial  
 banking business required from the   Central Bank.  The Licence to foreign  
 banks will be issued on the basis of  
 same eligibility criteria as applicable   to domestic commercial banks.  The  
 minimum paid-up capital required to  
 undertake banking business by foreign   banks shall not be more than what is  
 required by the domestic commercial  
 banks, i.e. US$11.5 million.   
  (iii) Bound for the number of  
 branches of foreign banks operating in  
 Pakistan as at the conclusion of the  
 Negotiation on 12 December 1997.    Change in the controlling share- 
 holders of the foreign banks operating   
 their branches in Pakistan may require   new licence.  Other foreign banks will  
 be allowed up to three branches at the  
 place of their choice.  ATM's installed  
 at the branch premises not treated as a  
 separate branch.   
  (iv) Prior permission in writing of the  
 Central Bank is required by any  
 person for holding beneficial   ownership of 5% or more of the paid- 
 up capital of any bank/financial  
 institution.   (v) Representation of foreign  
 nationals on the Board of Directors  
 allowed in proportion to their share   holding. 
4) Unbound  
 
  
 
  
 
  
4) Unbound 
    S/DCS/W/PAK
 Página 19Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(b) Lending of all types  
 including consumer credit,   mortgage, factoring, credit  
 and financing  
 commercial transaction 1) Unbound 
2) Unbound 3) (i) Bound for the total volume of  
 foreign banks' assets in Pakistan at the  
 time of the conclusion of the   Negotiations on  12 December 1997. 1) Unbound 
2) Unbound 3) Lending by banks to companies  
 controlled by non-residents is subject to  
 the borrowing entitlements of the   foreign companies as determined by  
 foreign exchange rules applicable from  
 time to time.  
  (ii) Investments in shares of existing  
 domestic banks permitted to foreign  
 nationals/foreign financial institutions  
 for trading purposes. Acquisition of   management control of existing public  
 sector banks considered on case-by- 
 case basis under specific Sale-  Purchase Agreements to be approved  
 by the Central Bank. 
   
 
 4) Unbound except as indicated under  
 horizontal measures. 
 
 Employment of foreign nationals in banks and  
 financial institutions operating in Pakistan   require prior clearance  of the Central Bank. 
 
 4) Unbound except as indicated under  
 horizontal measures. 
 
  
 
(c) All payment and money   transmission services  
 including traveller cheques   and banker's draft (but  
 excluding credit, charge  
 and debit cards)  1) Unbound 
2) Unbound 
3) Foreign banks branches operating in   Pakistan at the conclusion of the Negotiation  
 on 12 December 1997 and banks incorporated  
 in Pakistan permitted to undertake all payment  and money transmission services. 
4) Unbound except as indicated under  
 horizontal measures.  1) Unbound 
2) Unbound 
3) Unbound  
 
  
4) Unbound except as indicated under horizontal  
 measures.   
  S/DCS/W/PAK 
Página 20 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
(d) Guarantees and  
 commitments  1) Unbound 
2) Unbound 3) Guarantees and commitments in  
 foreign currency and those undertaken  
 in favour or on behalf of non-resident   to be governed by foreign exchange  
 laws. 
4) Unbound except as indicated under   horizontal measures. 
   
(e) Trading, for own account  
 only of:   
 - money market  
  instruments;  - foreign exchange;  
 - transferable  
  securities;  - other negotiable  
  instruments. 1) Unbound 
2) Unbound 3) (i) The issue, sale and purchase of foreign  
  currency and traveller cheques is allowed 
to commercial banks licensed as Authorized Dealer. 1) Unbound 
2) Unbound 3) Unbound  
 
  
 (ii) Foreign banks allowed to set up  
  joint ventures with local persons with    equity participation up to 50% after  
  obtaining Licence fr om the State Bank  
  to undertake the sale and purchase of    foreign currency and traveller  
  cheques.  
 (iii) Transmission of permissible    funds including foreign currency can  
  be effected only through authorized  
  banking channels.   
 
  
   S/DCS/W/PAK
 Página 21Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
  (iv) Commercial banks incorporated  
  in Pakistan and the branches of    foreign banks in operation as on 12  
  December 1997 allowed to operate in  
  call money market.  
4) Unbound except as indicated under  
 horizontal measures.  
  
 
  
4) Unbound except as indicated under  
 horizontal measures.   
(f) Participation in issues of all  
 kinds of securities  
 including only public   underwriting and placement  
 as agent and provision of  
 services related to such   issues 
 1) Unbound 
2) Unbound 
3) Branches of foreign banks in   operation as on 12 December 1997  
 and banks (including investment  
 banks) incorporated in Pakistan   permitted to arrange and participate in  
 any public issue and underwriting of  
 securities up to 30% of the total paid-  up capital of the issuer or 30% of their  
 respective paid-up capital whichever is less. 1) Unbound 
2) Unbound 
3) Unbound   
 
  
 All investments in shares made as a 
 consequence of unde rwriting commitments  
 must be reported forthwith to the Central  
 Bank, and is required to be disinvested within  
 30 days of the investments as approved   by the Central Bank. 
 
4) Unbound except as indicated under horizontal  measures.  
 
  
 
  
 
4) Unbound except as indicated under horizontal   measures. 
  
(g)  Settlement and clearing  
 services for negotiable  
 instruments (cheques, bills  
 and promissory notes only)  
 1) Unbound 
2) Unbound 
3) All commercial banks are required to be  
 members of the clearing system   operated/approved by Central Bank to effect  
 interbank settlements. 
4) Unbound except as indicated under  horizontal measures. 
 1) Unbound 
2) Unbound 
3) Unbound 
  
 
4) Unbound except as indicated under   horizontal measures. 
  
  S/DCS/W/PAK 
Página 22 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
II. Leasing 1) Unbound 
2) Unbound 3) Foreign leasing companies will be permitted  
 to set up subsidiary leasing companies in  
 Pakistan with shareholding not exceeding 51%  of the total capital to undertake operational  
 leasing including cross-border leasing.   
 Resource mobilization from the domestic   market to be governed by the same rules and  
 regulations as applicable to domestic  
 mobilization of resources.  1) Unbound 
2) Unbound 3) None  
 4) Unbound except as indicated under horizontal  
 measures. 
 4) Unbound except as indicated under horizontal  
 measures. 
  
III. Asset Management:  the  
 following only: 
  (a) Cash or portfolio  
  management; 
 (b) All forms of collective  
  investment 
  management; and   (c) Custodial and  
  depository services. 1) Unbound 
2) Unbound 
3) (i)  Entities licensed by the Central Bank and   banks incorporated in Pakistan can undertake  
 portfolio management services through their  
 locally incorporated subsidiaries set up for the  
 purpose with shareholding in such subsidiaries 
 up to 51%.  1) Unbound 
2) Unbound 
3) None  
   S/DCS/W/PAK
 Página 23Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
  (ii) Management of foreign currency  
 assets will be governed by the foreign   exchange regulations applicable from  
 time to time. 
4) Unbound except as indicated under  horizontal measures. 
  
  
 
4) Unbound except as indicated under   horizontal measures.  
IV. Financial and investment  
 advisory services  
 1) Unbound 
2) Unbound 3) Banks incorporated in Pakistan will be  
 permitted to undertake financial and advisory  
 services through subsidiary companies set up   for this purpose with shareholding up to 100%  
 provided that transactions undertaken/services  
 provided by such subsidiaries do not create   any financial obligations whether contingent  
 or otherwise on the balance sheet of the  
 holding company or otherwise. 1) Unbound 
2) Unbound 3) None 
 
   
  
 
 
 4) Unbound 4) Unbound except as indicated under horizontal  
 measures. 
  
V. Provision and transfer of  
 financial information and   financial data 
 
 1) Unbound, except for the provision of publicly  
 available data and financial information on   corporate entities by institutional providers  
 having commercial presence in Pakistan. 
2) Unbound 3) Unbound 
4) Unbound except as indicated under  
 horizontal measures. 1) Unbound 
  
 
2) Unbound 3) Unbound 
4) Unbound except as indicated under  
 horizontal measures.   
  S/DCS/W/PAK 
Página 24 Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
8. HEALTH AND RELATED  
 SOCIAL SERVICES     
A. Hospital services  
 (CPC No. 9311) 
 1) Unbound* 
2) None 
3) (a) As in measures applicable to all sectors  (b) Subject to Pakistan Medical and  
 Dental Council Regulations 
4) Unbound except as indicated under   horizontal measures 
 1) Unbound* 
2) None 
3) None  
 
4) Unbound except as indicated under   horizontal measures 
   
 
 Medical and dental services 
 (CPC No. 9312) 
 1) Unbound* 
2) None 
3) (a) As in measures applicable to all sectors 
 (b) Subject to Pakistan Medical and   Dental Council Regulations 
4) Unbound except as indicated under  
 horizontal measures  1) Unbound* 
2) None 
3) None 
  
4) Unbound except as indicated under  
 horizontal measures   
9. TOURISM AND  
 TRAVEL RELATED  
 SERVICES 
    
A. Hotels and restaurants   
 (including catering) 
 (CPC No. 614-643)  1) Unbound* 
2) Unbound 
3) None 4) Unbound except as indicated under horizontal  
 measures 
 1) Unbound* 
2) Unbound 
3) None 4) Unbound except as indicated under horizontal 
 measures 
  
                                                           
 * Unbound due to lack of technical feasibility.   S/DCS/W/PAK
 Página 25Modes of supply:  (1) Cross-border supply (2) Consumption abroad (3) Commercial presence (4) Presence of natural persons  
Sector or Sub-sector Limitations on Market Access Limi tations on  National Treatm ent Additional Commitments 
B. Travel agencies and tour  
 operator services  
 (CPC No. 7471) 
 1) Unbound 
2) Unbound 3) None 
4) Unbound except as indicated under horizontal  
 measures  1) Unbound 
2) Unbound 3) None 
4) Unbound except as indicated under horizontal  
 measures   
 S/DCS/W/PAK 
Página 26 
 
 
ATTACHMENT TO PAKISTAN'S SCHEDULE 
(Reference Paper) 
 
1. Transparency of Regulations  
 1.1 Laws and regulations pertaining to provisions  of basic telecom services shall be published. 
 1.2 Advanced public notice and a fair opportunity  will be provided for interested parties to 
comment on proposed measures affecting the provision of basic telecom services. 
 1.3 The Regulatory Authority consists of three members, one is a professional telecom engineer 
and other two are technical and financial experts, appointed by the Government for a term of four 
years and eligible for appointment for a similar term.  
1.4 Any member of the Authority shall not have any direct or indirect financial interest in, or 
have business connection with any pe rson, any establishment or firm which renders telecom services 
in Pakistan or abroad. For above purpose even any involvement of the spouse or blood relation of any 
member of the Authority with any telecom firm sha ll be considered as a direct financial interest or 
connection with such firm. 
 
1.5 The Authority shall ensure that:   (a) rights of licensees are duly protected;   (b) decisions and determinations are ma de promptly in open, equitable, non-  
  discriminatory, consistent and transparent manner; 
  (c) the persons affected by its decisions or  determinations are given a due notice and  
  provided opportunity of being heard.  
1.6 A person aggrieved by any decision or order of  the Authority can within thirty days of the 
receipt of order, appeal to the High Court and the Co urt shall decide such appeal within ninety days. 
 1.7 A person aggrieved by any decision or order of any officer of the Authority may, within thirty 
days of the order, appeal to the Authority and the Authority shall decide such  appeals within thirty 
days. 
 2. Interconnection and Numbering
 
 2.1 In the event that a service supplier is unable  to reach agreement with any or dominant service 
supplier or interconnection, following a reasonable am ount of time, either party may refer the dispute 
to the Regulator in Pakistan. 
 2.2 Service suppliers shall be required to  disclose information concerning technical 
measures/parameters that will affect use of  such facilities for other service suppliers. 
 
2.3 The Regulatory Authority shall exercise all powers to enable it to effectively provide 
guidelines for, and determine, the terms of inte rconnection arrangements between licensees where the 
parties are unable to agree.  2.4 Authority shall develop/assign non-discrim inatory national telecommunication numbering 
plans. 
 
3. Competition Safeguards and standards
  S/DCS/W/PAK 
 Página 27 
 
 
 3.1 When facilities-based service supplier with dominant market position is found engaged in 
unfair or anti-competitive practices, re medial measures will be available. 
 
3.2 When dominant service supplier provides a co mpetitive service he shall establish separate 
accounting procedure for the competitive service. Cross subsidy is not permitted.  3.3 The Authority shall notify and publish regul ations for establishing national standards for 
telecom equipment and services. The Authority can sp ecify different standards for different classes of 
telecom equipment/services and establish procedure for testing. 
 3.4 The Authority shall not restrict the type of  telecom equipment that may be used for the 
establishment, maintenance or operation of telecom systems or services.  4. Tariff Regime
 
 
The level of tariffs for telecom services incl uding basic telephone service shall be regulated 
by the Authority in accordan ce with the regulations including following principles: 
 4.1 The regulations shall apply equally to comp arable provider/users of any regulated telecom 
service; 
 4.2 The criteria used for the establishment of ta riff shall regularly be published three months 
before the criteria is adopted;  
4.3 Tariffs shall be at a level which provides a reasonable rate of return on investments taking 
into account the cost of operation; and   4.4  There shall be no cross-subsidization of ot her telecom services by basic telephone service. 
 
_______________  S/DCS/W/PAK 
Página 28 
PAKISTAN – FINAL LIST OF ARTICLE II (MFN) EXEMPTIONS 
 
Sector or Subsector Description of measure 
indicating its inconsistency 
with Article II Countries to which the 
measure applies Intended duration Conditions creating the need for 
the exemption 
Banking and other 
financial services 
 Foreign service promoters are 
granted licenses on the basis of 
reciprocity.  All countries 
 The reciprocity 
requirement will remain in 
place until similar measures maintained by 
other countries in this 
sector are removed.  The reciprocity requirement is put in 
place to ensure that Pakistani banks 
are accorded equivalent market access in places outside Pakistan. 
 
  Favourable treatment of 
financial institutions set up to 
undertake Islamic financing transactions. 
 All countries 
 Indefinite 
 The financing transactions are 
determined and governed by 
Religious Boards set up for the purpose by each Islamic financial 
institution. 
 
 
 Separate regulations may be laid 
down for banks which are 
required to undertake and 
finance treasury function and 
other non-profitable commodity operation programmes and other 
price support schemes of the 
Government.  All countries 
 Indefinite 
 Commodity operation programme is 
an essential government function 
undertaken through banks.  Treasury 
function is performed by National 
Bank of Pakistan on behalf of the Central Bank.  These are non-
profitable transactions of the banks. 
 
  Favourable treatment of 
financial institutions set up as joint ventures under the 
framework of ECO or other 
protocols signed amongst the ECO Member countries. 
 ECO member countries 
 Indefinite 
 The Treaty of Izmir and the Istanbul 
Summit held in July 1993 amongst others decided for the establishment 
of financial institutions by the 
governments of ECO Member States with the obligation of meeting the 
goals of regional economic 
integration.    S/DCS/W/PAK
 Página 29Sector or Subsector Description of measure 
indicating its inconsistency 
with Article II Countries to which the 
measure applies Intended duration Conditions creating the need for 
the exemption 
Telecommunications  Bilateral agreements in the field 
of telecommunication services on reciprocity requirements 
 ECO member countries and 
Bangladesh  Indefinite 
 The exemption is linked to 
commitments arising out of bilateral agreements 
 
2.C  Telecommunication 
Services-International 
service 
 Measures including the 
application of different accounting rates for different 
operators/countries covered by 
International 
Telecommunication Services 
Agreements between Pakistan Telecommunication Company 
Ltd and various foreign 
operators.  Countries covered by 
International Telecommunication Services 
Agreements between Pakistan 
Telecommunication Company 
Ltd and foreign operators. 
 Indefinite 
 On account of bilateral agreements 
between Pakistan Telecommunication Company Ltd and various foreign 
operators dealing with various 
aspects of cooperation. 
 
2.C. Telecommunication 
Services - International 
service 
 Measures including the 
application of different accounting rates for different 
neighbouring countries covered 
by Telecommunication Agreements entered into by the 
Government of Pakistan with 
governments of neighbouring countries. 
 Neighbouring countries 
 Indefinite 
 On account of bilateral agreements 
with governments of neighbouring countries. 
 
 
__________