In
exercise of powers vested in the State Bank of Pakistan
under the Banking Companies Ordinance 1962, it has been
decided that opening of all types of import letters of
credit by banks except those listed in the enclosed Annexure
shall be subject to a minimum of 35% cash margin. Furthermore,
the import of caustic soda (PCT Heading 2815:1200) shall
continue to attract cash margin requirement of 100% as
at present.
These
instructions shall be enforced with immediate effect.