WORLD TRADE  
ORGANIZATION  TN/S/O/PAK 
30 May 2005 
 (05-2188) 
Council for Trade in Services 
Special Session Original:   English 
 
 
 
PAKISTAN  
 
Conditional Initial Offer on Services  
 
 
The following communication, dated 24 May 2005,  from the delegation of Pakistan, is being 
circulated to the Members of th e Council for Trade in Services. 
 
 
_______________ 
 
 
1. The initial offer follows the editorial conven tions as contained in the Secretariat document 
JOB (02)/88, dated 16 July 2002, vis-à-vis:  
 
• BOLD  – New text 
• STRIKE OUT  – Deleted text 
• ITALICS  – Where any new or deleted text constitute s merely a technical refinement that does 
not alter the scope or substance of an existing commitment. 
 2. Pakistan also reserves the right to modify, exte nd, reduce and withdraw in  whole or in part its 
initial conditional offer at any time prior to the conclusion of the current services negotiations.  
Furthermore, Pakistan reserves the right to make  technical amendments to this offer and make 
corrections to rectify any errors or inaccuracies as well as to clarify and interpret the terms and 
conditions of this offer.   
3. This offer is not offering in any way the priv atization of public undertakings or as preventing 
Pakistan from regulating public and private services in order to meet national policy objectives.  Neither will this offer hinder Pakistan’s right to  establish, maintain, and fully enforce its domestic 
laws protecting, inter alia, consumers, health, safety, and the environment, as well as take actions that 
it considers necessary for the protection of its essential security interests.  
4. The classification of service sectors in this  initial offer is based on the 1991 Provisional 
Central Product Classification (CPC) of th e United Nations Statistical Office, unless otherwise 
specified .  The listing order  of the sectors in the schedule is  based on the Services Sectoral 
Classification list contained in document MTN.GNS/W/120 dated 10 July 1991.    
 
 
   TN/S/O/PAK 
Page 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 Treatment 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
 sixty 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 theiractivities 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 purpose and location of  the 
undertaking  
 
  
 
  4) Unbound, except for measures 
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.  
  
    TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
 (i)  Executive s are: 
 persons with in 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 levelexecutives, or the Board 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  
   
 Unbound, except for measures concerning 
the entry or temporary stay of natural 
persons falling in following categories: 
A. Intra-corporate transferees: 
 Specific categories of natural persons 
listed below who are in the 
employment of a juridical entity of another member country of the WTO 
for a period of at least one year and 
who enter for temporary stay to render services for (i) the same 
juridical entity engaged in substantive 
business operations in Pakistan or (ii) a juridical entity constituted in 
Pakistan and engaged in substantive 
business operations in Pakistan which is owned by or controlled by or 
affiliated with the aforementioned 
foreign juridical entity:  
  
  TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
 a.  Managers are: 
 Persons who direct a branch office or 
one or more departments as their 
head, or supervise or control the work 
of other supervisory, professional or managerial personnel and have the 
authority to appoint or remove the 
personnel and power to exercise discretionary author ity over day-to-
day operations. Stay 30 days to three 
years, with possibility of extension 
b.  Executives are: 
 Persons within an organization, who 
primarily direct the management, have wide decision making power and 
are either members of the board of 
directors or receive directions from the board or the general body of 
shareholders. Stay 30 days to three 
years, with possibility of extension 
c.  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. Stay 30 days to three 
years, with possibility of extension  
B. Business visitors are natural persons 
listed below who enter for temporary 
stay in Pakistan after obtaining a work visa for time periods as 
indicated against each category:  
  
   TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
 a)  Business persons are natural persons 
who stay in Pakistan without acquiring remuneration from within 
Pakistan and engage in making direct 
sales to the general public or supplying services, for the  purpose of, 
sales and leasing; to supply after-sales 
and after-lease services; for the  purpose of participating in business 
meetings or developing business 
contacts including negotiations; for the sale of services and/or similar 
activities, including  those to prepare 
for establishing a commercial presence in Pakistan. Stay 30 days to 
180 days 
 b)  Service Sales Persons are: 
 Installers, repairers and maintenance 
personnel and supervisors possessing 
specialized knowledge essential to a 
seller’s contractual obligation, performing services or training 
workers to perform services, pursuant 
to a warranty or other service contract incidental to lease of 
commercial or industrial equipment 
or machinery, including computer software, purchased from an entity 
located outside the territory of 
Pakistan, during the life, the warranty or service agreement of the same. Stay 
30 days to one year  
  TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
 C. Professionals are: 
Natural persons who seek to engage, as part of a services contract granted 
by a juridical entity engaged in 
substantive business in Pakistan, in an activity at a professional level included 
in the specific commitments of 
Pakistan. Stay 30 days to one year 
D. Independent Professionals are natural 
persons, who meet the necessary 
educational requirements and/or alternative credentials of that 
profession in Pakistan; whose visit has 
been sponsored by a juridical person in Pakistan for temporary stay for 
imparting training. Stay 30 days to one 
year   
E. Other skills: 
Natural persons having skills inter alia 
in information technology, 
construction engineering, tourism, 
educational services, health related services, selected sporting services; 
who enter for temporary stay to 
impart training. Stay 30 days to one year, subject to labour market test 
  
   TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
II. SECTOR SPECIFIC COMMITMENTS 
 
1. BUSINESS SERVICES 
    
A. Professional services    
a) Legal Services ** 
 (CPC 861)  
[Excluding 
representation/pleading] 1) Unbound 
2) None 
3) ENT based on inquiry to gauge if 
direct or indirect govt. subsidy being 
provided
*  
4) Unbound, except as indicated in the 
horizontal commitments  1)  Unbound 
2)  None 3) a) Residency required for non 
Pakistani Nationals under 
the legal practioners and Bar Councils Act 1973 and 
its Rules and any other 
relevant law for the time being in force 
 b) Subject to fulfilment of all 
requirements and conditions applicable only to foreign 
investors/juridical entities 
4) Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4 ) Subsidies unbound 
  
                                                           
* (This is to ensure a level playing field for competitio n between local ventures/ SMEs and foreign ventures.  The issue of disciplines on subsidies remains to be determined 
in the context of negotiations under Article XV of the GATS ) 
 
  TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
b) Accounting and Book 
 keeping Services (Part  CPC 862)** excluding 
 auditing services 
 - 86212 Accounting Review 
Services 
 - 86213 Compilation of 
Financial Statements Services 
 - 86219 Other Accounting 
Services 
 - 8622 Book-keeping services 
except tax returns 
 1) Unbound 
2) None 
3) a)  Foreign equity not to exceed 51 
 percent 
 b) None except that service must be 
 supplied by a natural person or by 
 a registered firm having local 
 partners in majority or in case of  a company, 70% holding of 
 Pakistani Nationals 
 c) ENT based on inquiry to gauge if 
 direct or indirect govt. subsidy 
 being provided 
4) Unbound, except as indicated in the 
horizontal commitments 1) Unbound 
2) None 
3) a) Residency requirement  
 for natural persons as  
 prescribed by the ACCA   (the Association of  
 Chartered Certified 
 Accountants) and any other  relevant law for the time 
 being in force 
4) Unbound except as indicated 
 in the horizontal 
 commitments 
 1, 2, 3, 4) unbound for subsidies  
d) Architectural Services  (CPC 8671) 1) Unbound 
2) None 
3) a) Foreign equity  shall not exceed 
51% 
 b)  Service shall be supplied by a  
  natural person or by a registered    firm having local partners in  
  majority or in case of a company, 
  70% holding of Pakistani Nationals  
 c)  ENT based on inquiry to gauge if 
  direct or indirect govt. subsidy    being provided 
4) Unbound, except as indicated in the 
horizontal commitments 
 1) Unbound 
2)  None 
3) Subject to fulfilment of all 
requirements and conditions 
applicable only to foreign 
investors/juridical entities 
4) Unbound except as indicated in 
the Horizontal commitments 
 4)  Unbound except as provided in 
the horizontal section. 
 1,2,3,4) unbound for subsidies. 
    TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
e)  Engineering services for  
 building infrastructures:   harbours, dams, hydel  
 power, and airports, only 
 (CPC No. 8672)  1) Unbound     
2) Unbound*
  None 
3) (i) Maximum of 40   fifty one  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 in the  
under  horizontal measures commitments 
 1) Unbound  
2) Unbound*  None  
3) None 
4) Unbound 
 
  
 
  
f) Integrated engineering 
 services (CPC No. 8673)  1) Unbound 
2) Unbound* 
3) (i) Maximum of 40  fifty one percent   
foreign shareholding in engineering consultancy companies ; other than 
those registered with the securities 
and exchange commission of Pakistan 
 (ii) Subject to partnership and/or joint 
venture with Pakistani engineers or 
engineering companies. ; other than 
those registered with the securities 
and exchange commission of 
Pakistan 
4)  Unbound except as indicated in the  
unde
r horizontal measures commitments  
 1) Unbound 
2) Unbound* 
3) None 
4)  Unbound, except as indicated in 
the horizontal commitments   
h) 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.
 commitments 
 1) Unbound 
2) None 
3) None 
  
 
4) Unbound except as indicated 
under horizontal measures
 
commitments 
   TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
i)  Veterinary Services 
 (CPC 9320) 
  
 
The offer does not include services 
provided by public institutions 
whether owned and operated by 
federal, provincial, district, Tehsil or municipal Authorities 1) Unbound 
2) None 
3) a) Market Access  subject to  
  transparent ENT 
 b) ENT based on inquiry to gauge if    direct or indirect govt. subsidy  
   being provided 
4) Unbound, except as indicated in the  horizontal commitments 1) Unbound 
2) None 
3) a) Residency requirement 
 essential for  natural 
 persons. 
 b) Subject to fulfilment of all 
 requirements and 
 conditions applicable only  to foreign 
 investors/juridical entities 
4) Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4) Subsidies unbound   
(j)  Services provided by 
midwives, nurses, 
physiotherapists, and Para-medical personnel 
 (CPC 93191) 
 
The offer does not include services 
provided by public institutions whether owned and operated by 
federal, provincial, district, Tehsil 
or municipal Authorities 
 1) Unbound 
2) None 
3) None  
4) Unbound except as under horizontal 
commitments 
 1) Unbound 
2) None 
3) Subject to fulfilment of all 
requirements and conditions 
applicable only to foreign 
entities 
4) Unbound except that 
qualifications for foreign service suppliers will be set by the 
Pakistan Nursing Council and 
any other relevant law for the time being in force 
  
B. Computer and Related 
 Services  
    
 Consultancy services  
 related to the installation of  
 computer hardware 
 (CPC 841)  1) Unbound
 None 
2) Unbound  None  
3) None 
4) Unbound except as indicated in the  
under  horizontal measures commitments  
 1) Unbound None 
2) Unbound  None  
3) None 
4) Unbound except as indicated in 
the under  horizontal measures 
commitments   
  
   TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
 Software implementation  
 services (CPC 842)  1) Unbou
nd None  
2) None 3) None 
4) Unbound except as indicated in the  
under
 horizontal measures commitments   
 1) Unbound  None  
2) None 3) None 
4) Unbound except as indicated in 
the under
horizontal measures 
commitments   
  
 
 Data processing services  (CPC 843)  1) U
nbound  None  
2) None 3) None 
4) Unbound except as indicated in the  
under
 horizontal measures commitments   
 1) Unbound  None  
2) None 3) None 
4) Unbound except as indicated in 
the under
 horizontal measures 
commitments   
  
 
 Data base services  (CPC 844) 
 1) Un
bound  None  
2) None 
3) None 
4) Unbound except as indicated in the  
under  horizontal measures commitments   
  1) Unbound  None  
2) None 
3) None 
4) Unbound except as indicated in 
the under  horizontal measures 
commitments   
  
 
 C) R&D services  
a) R&D Services on natural  
 Sciences (CPC 851) 
  
1) Unbound  None  
2) None 
3) None 
4) Unbound except as indicated in the  
under  horizontal measures commitments  
  
1) Unbound  None  
2) None 
3) None  
4) Unbound except as indicated in 
the under  horizontal measures 
commitments    
  
b) R& D services on social  
 sciences and humanities.  
 (CPC 852)  1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal commitments 1)  None 
2)  None 
3)  Minimum foreign investment 
shall be US $ 0.15 million 
4)  Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4) Subsidies unbound   TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
c)  Inter disciplinary R&D  
 Services (CPC 853) 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal commitments 1)  None 
2)  None 3)  Minimum foreign investment 
shall be US   $ 0.15 million 
4)  Unbound except as indicated in 
the horizontal commitments 
1,2,3,4) Subsidies unbound  
E. Rental/Leasing Services 
without operators.    
 Relating to other transport 
 equipment 
 (CPC 83101)  1) Unbound 
2) Unbound 
3) Foreign share in equity not to exceed 
51 percent  
4) Unbound except as indicated in the 
horizontal commitments 1) Unbound 
2) Unbound 
3) Minimum investment US $ 0.3 
  million 
4) Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4) Subsidies unbound 
  
F. Other business Services     
e) Technical testing and 
 analysis services 
 (CPC 8676) 
 1) Unbound * None  
2) None 
3) None 
4) Unbound except as indicated under 
horizontal measures 
 1) Unbound * None  
2) None 
3) None 
4) Unbound except as indicated 
under horizontal measures 
   
 
f) Services incidental to 
 agriculture and forestry 
 (excluding fishing and hunting)  
 (CPC 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 
  
                                                           
 * Unbound due to lack of technical feasibility .   TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
h) Services incidental to mining 
 (CPC 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.  
(r) Printing, Publishing 
 (CPC 88442)  
 
 
 1) None 
2) None 
3) ENT based on inquiry to gauge if 
direct or indirect govt. subsidy being 
provided 
4) Unbound except as indicated in the 
horizontal commitments  1) None  
2) None 
3) Subject to fulfilment of all 
requirements and conditions 
applicable only to foreign 
entities 
4) Unbound except as indicated in 
the horizontal commitments 
 
1, 2, 3, 4) Subsidies Unbound 
  
(t) Agricultural Storage 
 Facilities Services (Others)  
 
 
 
  1)  None 
2)  None 
3)  None 
4)  Unbound except as indicated in the 
horizontal commitments  1)  None 
2)  None 
3)  None 
4)  Unbound except as indicated in 
the horizontal commitments. 
 1, 2, 3,4) Subsidies unbound 
  
t) Range Land Services 
 (Others) 
 
  
 
 1)  Unbound 
2)  None 
3)  Unbound 
4)  Unbound except as indicated in the 
horizontal commitments 1)  Unbound 
2)  None 
3)  Unbound 
4)  Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4) Subsidies unbound    TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
2. COMMUNICATION 
 SERVICES    
 
B. Courier Services 
 (CPC 7512)** 
 
(75121 multimodal courier services) 
 
 
(The offer does not include 
services provided by public institutions whether federal or 
provincial)
 
 1) None 
2) None 
3) ENT based on inquiry to gauge if 
direct or indirect govt. subsidy being 
provided. 
4) Unbound except as provided in 
horizontal commitments 1) None  
2) None 
3) Subject to fulfilment of all 
requirements and conditions 
applicable only to foreign 
entities  
4) Unbound except as provided in 
horizontal commitments 
 1,2,3,4) Subsidies unbound    TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
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  
                                                           
 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 La w, like many other countries, 
broadcasting is not part of  basic telecommunication services.  TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
 L ocal, domestic long  
 distance and international  
 services, for public : 
 
  
a) Voice telephone services 
 (CPC 7521)  Until 2003, no bypass
2 of PTCL network and 
PTCL shall have exclusivity.  
 
 None as of 1.1.2004.  
  
1) None 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 such as call back 
 are not allowed. Country direct card 
 service can only be permitted by mutual 
 agreement with the licensed operator. 
3)
 None Unbound  
3) None  
4) Unbound except as indicated in 
 horizontal  section  commitments 
  
  
 
  
1) Unbound
 None  
  
 
  
 
2) Unbound
 None  
 
 
 3) Unbound
 None  
 
4) Unbound except as indicated in 
horizontal section  commitments  
 Pakistan endorses the reference paper as 
attached in the schedule with minor alteration that cost oriented interconnection rates shall 
be implemented by year 2008. 
 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 a nd international financial 
markets.   
 
   The offers were many times over s ubscribed. 
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 operators shall be re puted 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”.    TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
(b) Packet-switched data,  
 E-mail, Internet and Intranet 
services 
 (CPC 7523) 
 
(c) Circuit-switched data  
 transmission services 
 (CPC 7523) 
 1) Until 2003, except for domestic VSAT, 
only through network  facilities of PTCL. 
The regulatory authority to grant 
licences and authorizations to private 
compa nies for operation of data, E -mail, 
Internet and Intranet ser vices in addition 
to the licence s already granted.  
2) None  
1) None 
2) None 1) Unbound  None  
  
 
  
 
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 a uthority to grant licences and 
 authoriza tions to private companies for 
 operation o f domestic VSAT, data, E -
 mail, Internet & Intranet services in 
 addit ion to the licences already granted.  
3) None 
4) Unbound except as indicated in the 
horizontal section  commitments  1) None except for technical 
 constraints  
 
 
  
 
4) Unbound except as indicated in the  horizontal section
 commitments  The Pakistan Telecommunicati ons (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 b odies is already in 
place .  The Authority and Bo ard are already 
functional.  To support effective regulation 
and spectrum management GOP is 
undertaking of PTA & FAB.  
 
(d) VSAT for domestic data  
 services 
 (CPC 7523) 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
 commitments  
 1) None 
 
 
  
2) None 
3) None 4) Unbound except as indicated in 
the horizontal section
 
commitments  The Pakistan Telecommunication Authority 
established under the law as an independent 
body is responsible to:  
Regulate telecommunication services. -Grant 
and renew licences. -Promote an d protect the 
interests of consumers  
 
(e) Telex services 
 (CPC 7523) 
 
 
 1) None 
2) None 3) None 
4) Unbound except as indicated in 
horizontal section
 commitments  
 1) None 
2) None 3) None 
4) Unbound except as indicated in 
horizontal section
 commitments  
  
   TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
(f) Telegraph services 
 (CPC 7522) 1) The regulatory authority shall grant 
licences and authorizations to private 
companies for operation of Telegraph 
services using PTCL infrastructure until 
2003 . None . 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  commitments  
 1) None 
  
 
2) None 3) None 
4) Unbound except as indicated in 
the horizontal section
 
commitments  
 -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.  
(g) Facsimile services 
 (CPC 7521+7529)  1) None 
2) None 3) None 
4) Unbound except as indicated in the 
horizontal section
 commitments  
 1) None 
2) None 3) None 
4) Unbound except as indicated in 
the horizontal section
 
commitments  
  
 
(h) Private leased circuit   services 
 (7522+7523) 1) Pak
istan Telecommunication Company  
Limited except for domestic VSAT, is 
theexclusive service provid er for seven 
years.This exclu sivity shall expire by the 
year 2003.  None 
 None as of 1.1.2004 .  
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 . None 
4) Unbound except as indicated in the 
horizontal section commitments  
 1)  Unbound  None  
2)  None. 
3)  Unbound   None  
4)  Unbound except as indicated in 
the horizontal section  
commitments  
 The frequency allocation Board  established 
unde r the law is responsible to allocate and 
assign frequency spectrum for 
telecommunication, broadcasting public and 
private wireless services and classify radio 
telecommunication services.  Appeals against 
the decisions of the Authority may be filed in 
the Hi gh Court Following services have been 
licensed to the private operators and further 
licensing could be possible:  
   TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
(n) On-line information  and/or 
 data processing  (CPC 843**) 
 
  
 
 1) Unbound 
2) Unbound 3) (a) As in horizontal section. 
 (b) Subject to use of Pakistan  
  Telecommunication Corporation    network 
4) Unbound except as indicated in the 
 horizontal commitments 
 1) Unbound 
2) Unbound 3) None 
 
  
4) Unbound except as indicated in 
the horizontal commitments   
(j) On-line information and  
 data base retrieval 
 (CPC 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
 in 
the horizontal measures  commitments  
 
 1) None 
2) Unbound 
3) None  
 
  
4) Unbound except as indicated 
under
 in the horizontal measures  
commitments  
  
(o) Trunked radio service 
(Others)  1) The regulatory authority to grant 
licences and authorizations to private 
companies for operation of Trunked 
Radio service i n addition to the licences 
already granted using  PTCL network 
until 2003.  None  
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section commitments  
 
  1) None 
 
  
 
2) None 3) None 
4) Unbound except as indicated in 
the horizontal section
 
commitments  
 
  Regulatory Authority shall grant licences on 
competitive basis as per telecom law and 
regulations. Regulatory Authority ma y 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 
  TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
(i) Video conferencing tele- 
 medicine and tele-  education  
 terminal end services 
 (others) 
 1) Th
e 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.  None 
2) None 
3) None 4) Unbound except as indicated in the 
horizontal section commitments  
 1) None 
  
 
2) None 3) None 
4) Unbound except as indicated in 
the horizontal section
 
commitments  
 
 Cellular Mobile telephone services. -Card pay 
phones services -Paging -Data 
networkoperation -Voice Mail Service -Audio 
Tex S ervice -Trunk Radio service -Electronic 
Mail and internet services -Use of domestic 
satellites for provision of telecom services -
Manufacture of telex, fax, all  
PABXs/Digitalexchanges and modems  
(o) Mobile Communication 
Services  
 (Others)  
 
 1)  None subject to technical constraints 
of availability of frequency  
2)  None 
3) None  
4)  Unbound except as indicated in the 
horizontal commitments 
 1)  None  
2) None  
3)  None 
4)  Unbound except as indicated in 
the horizontal commitments   
(k) Satellite based telephony  
 services  including value  
 added services operating  
 over satellite 
 (others) 
 
 
 1) Maintaining PTCL exclusivity for seven 
years on basic an d international 
telephony services and  safeguarding 
PSTN bypass licences shall be granted  
None  
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal section  commitment s 
 1) None 
2) None 
3) None except for technical, 
sovereignty,  security constraints 
and safeguarding PSTN bypass 
4) Unbound except as indicated in 
the horizontal section  
commitments  
  
 
   TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
3. CONSTRUCTION AND  
 RELATED   ENGINEERING  
 SERVICES 
    
B. Construction Work for  
 Civil  
 Engineering for bridges,  
 elevated highways, tunnels   and subways 
 (CPC 5132) 
 1) None  Unbound*
 
2) None  Unbound*  
3) (i) As in measures applicable to 
horizontal commitments  all sectors ; 
 (ii) Subject to partnership and/or joint 
venture with Pakistani engineers or 
engineering companies. 
4) Unbound except as indicated under 
horizontal measures commitments  
 1) None  Unbound*  
2) None  Unbound * 
3) None 
4) Unbound   
   
 
 Construction Work for  
 Civil  
 Engineering for waterways,   harbours, dams and other  
 waterworks 
 (CPC 5133) 
 1) None Unbound*
 
2) None  Unbound * 
3) i) As in measures applicable to 
horizontalcommitments  all sectors ; 
 (ii) Subject to partnership and/or joint 
venture with Pakistani engineers or 
engineering companies. 
4) Unbound except as indicated in the  
under  horizontal measures  commitment s 
 1) None  Unbound*  
2) None  Unbound*  
3) None 4) Unbound 
 
   
 
                                                           
 * Unbound due to lack of technical feas ibility.  
  TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
4. DISTRIBUTION SERVICES  
    
B.  Wholesale Trade  
  Services ** (CPC 622)  
 
Excluding Commission agents’ services 
(CPC 62226 [except beers, 
wines, liquors, alcoholic beverages, etc], 62242, 62247, 62263, 62264, 62281) 1) Unbound 
2) None 
3) a) Subject to Economic Needs Test. 
 Criteria include need assessment  of proposed locality being catered 
 to by supplier  
b)  Foreign equity limited to 51  
  percent 
4) Unbound except as indicated under 
horizontal commitments 1) Unbound 
2) None 
3) None 
4) Unbound except as indicated in 
the horizontal commitments 
 
  
C. Retailing Services  
 (CPC 631, 632, 6111, 6113, 
6121) 1) Unbound 
2) None 
3) a)  Subject to economic needs test. 
 ENT criteria include density of 
 supermarkets determined on the 
 basis of population in urban areas 
 b) Foreign equity limited to 51    percent. 
4) Unbound except as indicated in the  
horizontal commitments 
 1) Unbound 
2) None 
3) None 
  
 
  
4) Unbound except as indicated in 
 the horizontal commitments  
D. Franchising  (CPC 8929) 1)  Unbound 
2) None  
3) Subject to Economic needs test (ENT) 
based on density of establishments 
4) Unbound except as indicated in the 
horizontal commitments 
 1) Unbound 
2) None 
3) None 
 4) Unbound except as indicated in 
the horizontal commitments    TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
5. EDUCATIONAL 
 SERVICES  
    
C. Higher Education Services  
 (CPC 923) 
  excludes public funded 
 institutions 1) None 
2) None 
3) None 
4) Unbound except as indicated in the 
horizontal commitments 1) None 
2) None 
3) None 
4) Unbound except as indicated in 
the horizontal commitments 
1,2,3,4)  subsidies unbound 
  
D. Adult Education  (CPC 924) 1)  None 
2) None 
3) None  
4) Unbound except as indicated in the 
horizontal commitments 1) None 
2) None 
3) None 
4) Unbound except as indicated in 
the horizontal commitments 
1,2,3,4)  subsidies unbound  
E. Other Education Services  
 (CPC 929) 
 
 
  
 
6. ENVIRONMENTAL
 
 SERVICES  
 1) None 
2) None 
3) None  
4) Unbound except as indicated in the 
horizontal commitments 1) None 
2) None 
3) None 
4) Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4) subsidies unbound 
  
B. Refuse disposal services  
 (CPC 9402) 
 
 Does not include public 
 works functions owned and  operated by federal, 
 provincial, district, tehsil 
 level government or  municipalities or contracted 
 out by them 1) Unbound 
2) Unbound 
3) (a) Foreign Equity not to exceed 51% 
 (b) ENT based on inquiry to gauge if 
direct or indirect govt. subsidy being  provided 
4) Unbound except as indicated in the 
horizontal commitments 1) Unbound 
2) Unbound 
3) None 
 
  
4) Unbound except as indicated in 
the horizontal commitments 
1,2,3,4  subsidies unbound 
   TN/S/O/PAK 
Page 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 Treatment Additional Commitments 
C. Sanitation and similar  
 services (CPC 9403)  
 
 Does not include public 
 works functions owned and  operated by federal, 
 provincial, district, tehsil 
 level government or  municipalities or contracted 
 out by them 1) Unbound 
2) Unbound 3) i)  Foreign Equity not to exceed 51% 
ii)  ENT based on inquiry to gauge if 
  direct or indirect govt. subsidy    being provided 
4) Unbound except as indicated in the 
horizontal commitments 
 1) Unbound 
2)  Unbound 3)  None 
 
  
4)  Unbound except as indicated in 
the horizontal commitments 
 
1,2,3,4) Unbound for subsidies 
    TN/S/O/PAK
 Page 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 Treatment Additional Commitments 
7. FINANCIAL SERVICES 
  Pakistan undertakes the Commitments on Financial Services in terms of t
he provisions of Part III of the Agreement.  Thes e commitments are based on the understanding 
 outlined in Article XIX of the Agreement, and are subject to the availability of similar commitments from large number o f countries of significance to Pakistan.  For these 
 reasons, Pakistan does not consider itself to be prevented from adopting or enforcing non -discriminatory mea sures aiming at protecting the soundness and integrity of 
 banking and insurance industry.  
 
A. Insurance and Insurance-  
 related Services  
 
 Insurance 
    
- Life 
 (CPC 8121) 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 in the  
under
 horizontal measures  commitments  
 1) Unbound 
2) Unbound 
3) Unbound 
  
 
  
 
 
 
4) Unbound except as indicated in 
the under
 horizontal measure s 
commitments  
  
 
- 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 in the  
under  horizontal measures  commitments  
 1) Unbound 
2) Unbound 
3) Unbound  
 
4) Unbound except as indicated in 
the under
 horizontal measures  
commitments  
  
  TN/S/O/PAK 
Page 26 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 Treatment 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. Banking and other  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 
 
  
   TN/S/O/PAK
 Page 27Modes 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 Treatment Additional Commitments 
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 mobi lised 
by foreign banks in Pakistan as at 
the time of conclusion of the 
Negotiations on 12 December 1997.   
3) (i) No limit on volume of deposits and 
other repayable funds mobilized by Foreign Banks subject to 
prudential regulations of the 
central bank  
(ii) (a) The entry through Branch 
mode is allowed only to those 
foreign banks having tier one capital of US $5 billion or more, 
net losses as per last published 
audited accounts, subject to 
fulfilment of other regulatory 
requirements, and to banks belonging to countries of 
regional bodies at 
governmental level e.g. ECO and SAARC etc  
  
 1) Unbound 
2) Unbound 
3)
 The shares held by foreign 
nationals and foreign financial 
institutions in their locally 
incorporated subsidiaries not 
transferable without the prio r 
written approval of the Central 
Bank.  
3) The shares held by locals and 
foreigners as sponsors’ shares 
are transferable only if the incumbent meet the prescribed 
Fit & Proper criteria/ 
requirements stipulated in guidelines for setting up 
commercial banks 
4) Employment of foreign nationals 
in banks and financial 
institutions operating in Pakistan require compliance of 
prescribed Fit and Proper test 
for chief executive/country head and key executives applicable 
across the banking industry 
  
  (ii) Foreign banks (other than those 
 already operating th eir 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%. 
    TN/S/O/PAK 
Page 28 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 Treatment Additional Commitments 
 (b) 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.   
(c) 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 . . PKR 2.0 billion 
 (USD33.70 million at current 
 rate of exchange)  
d) The existing foreign banks as 
 well as those formed under (a) 
 above will be  allowed to open 
 up to 25 branches as per their 
 branch expansion plan 
 approved by the central bank  
e) ATMs installed at non-branch 
 premises not to be treated as a 
 separate branch 
   
  (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.      TN/S/O/PAK
 Page 29Modes 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 Treatment Additional Commitments 
  (iv )(iii) 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)
 (iv) Representation of foreign 
nationals on the Board of Directors allowed in proportion to their share 
holding 
4) Unbound 
Employment of foreign 
nationals in banks and financial 
institutions operating in Pakistan 
require compliance of prescribed Fit and Proper test for chief 
executive/country head and key 
executives applicable across the banking industry 
  
  
 
  
 
  
 
4) Unbound   
(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 Dece mber 1997 . 
In addition to the limitations described 
under sub sector (a) for market access: 
(i) Lending of all types allowed by local 
and foreign banks subject to applicable laws and prudential measures issued from 
to time 
 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    TN/S/O/PAK 
Page 30 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 Treatment Additional Commitments 
 (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 
commitments  
 
Employment of foreign nationals in banks and financial institutions operating in 
Pakistan requires prior clearance of the 
Central Bank. 
 3) None except that the lending by 
banks in  foreign currency is subject to foreign exchange rules 
and regulations applicable from 
time to time   
4)
 Unbound except as indicated 
under horizontal measures  
4) Employment of foreign nationals 
in banks and financial 
institutions operating in 
Pakistan require compliance of prescribed Fit and Proper test 
for chief executive/country head 
and key executives applicable across the banking industry 
  
(c) (d) All payment and money  
 transmission services  
 including traveller cheques  
 and banker's draft(excluding 
 credit, charge and debit cards) 
 (CPC 81339) ** 1) Unbound 
2) Unbound 
3) Foreign banks branches operating in 
Pakistan at the conclusion of the 
Negotiation on 12 D ecember 1997 and 
banks incorporated in Pakistan permitted 
to undertake all payment and money 
transmission s ervices.  
3) Transmission of permissible funds, 
including foreign currency, can be 
effected through banks having authorized dealers’ license and 
through exchange companies set up 
with the permission of SBP, subject to applicable foreign exchange rules and 
regulations 
4) Unbound except as indicated under 
horizontal measures 
commitments  
. 1) Unbound 
2) Unbound 
3) Unbound  
3) The transmission of money 
would be subject to Foreign Exchange regulations and 
instructions under FER issued 
from time to time for both local and foreign financial institution 
providing the money 
transmission service 
 
 
  
 
4) Unbound except as indicated 
under horizontal measures 
commitments  
  
   TN/S/O/PAK
 Page 31Modes 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 Treatment Additional Commitments 
(d) (e) Guarantees and 
 commitments 
 (CPC 81199)** 1) Unbound 
2) Unbound 3) Guarantees and co mmitments 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 in the  
under 
horizontal measures commitments  
 1) Unbound 
2) Unbound 3) Unbound 
 
  
4) Unbound except as indicated in 
the horizontal commitments 
  
(e) (f) Trading for own account 
only of:  
   
 - money market  
  instruments; ( CPC 81339) 
 - foreign exchange 
(CPC 81333;) 
  transferable  
  securities ( 81321)*;  
   other negotiable   
 instruments 
 (CPC 81339)**; 
 
. 
 
 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 
and exchange companies 
(ii) Foreign banks allowed to set up 
joint ventures with local persons with equity participation up to 50% 
after obtaining Licence from 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. 
 (iv) Commercial banks incorporated in 
Pakistan and the branches of foreign banks in operation as on 12 
December 1997   licensed by the 
Central bank are  allowed to 
operate in call money market. 
4) Unbound except as indicated in the  
under horizontal commitments  
measures.  1) Unbound 
2) Unbound 
3) Unbound  
 
  
 
  
 
 
 
  
 
  
 
  
 
  
4) Unbound except as indicated in the 
unde
r horizontal commitments  
measures . 
   TN/S/O/PAK 
Page 32 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 Treatment Additional Commitments 
(f) (g)Participation in issues of all 
kinds of securities including only public 
underwriting and 
placement as agent and provision of services 
related to such issues 
  (CPC 8132) 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 underwriting 
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 
commitments   
 
 
  
 
  
 
4) Unbound except as indicated 
under horizontal measures 
commitments  
  
(g) (j)  Settlement and clearing 
services for negotiable instruments (cheques, bills 
and promissory notes only) 
 
  (CPC 81339) 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 
commitments  
 1) Unbound 
2) Unbound 3) Unbound 
 
  
4) Unbound except as indicated 
under horizontal measures 
commitments  
  
   TN/S/O/PAK
 Page 33Modes 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 Treatment Additional Commitments 
II. Leasing 
 ( CPC 8112 )  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. 
 Commercial banks incorporated in 
Pakistan and branches of foreign banks are allowed to undertake 
leasing business provided it is not 
their core and major line of business   
 
 1) Unbound 
2) Unbound 3) None  
 4) Unbound except as indicated under 
horizontal measures commitments  
 4) Unbound except as indicated 
under horizontal measures 
commitments  
   TN/S/O/PAK 
Page 34 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 Treatment Additional Commitments 
III. Asset Management:  the  
 following only:  
 (a) Cash or portfolio 
management; 
 (b) All forms of collective 
investment management; 
and  
 (c) Custodial and depository 
services. 
  (CPC 81323*) 1) Unbound 
2) Unbound 3) (i) 
 Entities licensed by the Central 
Bank and banks incorporated in 
Pakistan can unde rtake portfolio 
management services through their 
locally incorporated subsidiaries set 
up for the purpose with shareholding 
in such subsidi aries up to 51%.  
 i) Financial institutions licensed 
 and/or regulated by the Central 
 Bank and banks incorporated in 
 Pakistan can undertake portfolio 
 management services through  their locally incorporated 
 subsidiaries set up for the purpose, 
 subject to the rules and  regulations prescribed by the 
 central bank  
 1) Unbound 
2) Unbound 3) None  
   TN/S/O/PAK
 Page 35Modes 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 Treatment 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 
commitments  
  
  
 
4) Unbound except as indicated 
under  horizontal measures 
commitments  
  
IV. Financial and investment  
 advisory services 
 
 (CPC 8133) 1) Unbound 
2) Unbound 
3) Banks incorporated in Pakistan will be 
permitted to u ndertake 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 
continge nt or otherwise on the balance 
sheet of the holding company or 
otherwise.  
3)  Financial Institutions licensed and/or 
regulated by State Bank of Pakistan including branches of foreign banks 
are permitted to undertake financial 
and investment advisory services through subsidiary companies set up 
for this purpose subject to the rules 
and regulations prescribed by the central bank 
 1) Unbound 
2) Unbound 
3) None 
  
  
 
 
  
 4) Unbound 4) Unbound except as indicated 
under horizontal measures 
commitments  
   TN/S/O/PAK 
Page 36 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 Treatment Additional Commitments 
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 
commitments  
 1) Unbound 
  
 
 2) Unbound 
3) Unbound 
4) Unbound except as indicated 
under horizontal measures 
commitments  
  
 
8. HEALTH AND RELATED  
 SOCIAL SERVICES  
    
A. Hospital services  
 (CPC 9311) 
 1) Unbound* 
2) None 
3) (a)  As in measures applicable to all   
  sectors  
 (b)  Subject to Pakistan Medical and 
 Dental Council Regulations.  None  
4) Unbound except as indicated under 
horizontal measures commitments  
  1) Unbound* 
2) None 
3) None 
  
 
4) Unbound except as indicated 
under horizontal measures 
commitments  
   
 
 Medical and dental services  
 (CPC 9312)  
 
 1) Unbound*  
2) None  
3) (a) As in measures applicable to all 
sectors  
 (b)  Subject to Pakistan  Medical and 
 Dental C ouncil Regulations.  None 
4) Unbound except as indicated in the  
under horizontal measures  
commitments  
 1) Unbound*  
2) None  
3) None  
 
  
4)
 Unbound except as indicated in the  
under horizontal measures  
commitments  
  
                                                           
 * Unbound due to lack of technical feasibility .   TN/S/O/PAK
 Page 37Modes 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 Treatment Additional Commitments 
9. TOURISM AND  
 TRAVEL RELATED  
 SERVICES  
    
A. Hotels and restaurants   
 (including catering)  (CPC 614-643) 
 1) Unbound
*None 
2) Unbound  None  
3) None 
4) Unbound except as indicated in the  
under horizontal measures   
commitments  
 1) Unbound*  None  
2) Unbound   None  
3) None 
4) Unbound except as indicated in the  
under  horizontal measures   
commitments  
  
B. Travel agencies and tour  
 operator services  
 (CPC 7471) 
 1) Unbound   None   
2) Unbound   None 
3) None 
4) Unbound except as indicated in the  
under horizontal measures    
commitments  1) Unbound   None 
2) Unbound   None  
3) None 
4) Unbound except as indicated in 
the under  horizontal measures    
commitments 
  
 TN/S/O/PAK 
Page 38 
 
 
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 the 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 the above purpose, 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 a ll powers to enable it to effectively provide 
guidelines for and determine the terms of interc onnection arrangements between licensees where the 
parties are unable to agree.  
2.4 Authority shall develop/assign non-discrim inatory national telecommunication numbering 
plans.    TN/S/O/PAK 
 Page 39 
 
 
3. Competition Safeguards and Standards  
 
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  
 
4.4  There shall be no cross-subsidization of ot her telecom services by basic telephone service. 
 
_______________  TN/S/O/PAK 
Page 40 
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.    TN/S/O/PAK
 Page 41Sector 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. 
 
 
 
__________