Circulars/Notifications  

 BPRD Circular Letter No. 16 of 2008
June 26, 2008 

The Presidents/Chief Executives,
All Banks,


Dear Sir / Madam,

Minimum Margin Restriction on Import Letter of Credit

Please refer to BPRD Circular Letter No.14 dated June 21, 2008 on the captioned subject.

It has been decided to extend the list of exempted items requiring no cash margin on import Letters of Credit. List of additional exempted items is enclosed herewith. These instructions shall be enforced with immediate effect.

However, other instructions contained in the above referred Circular Letter will remain unchanged.

Please acknowledge receipt.

Encl: Additional list of items which require no cash margin on import L/C


Yours sincerely,
Sd/-

(SYED IRFAN ALI)
Director
 

© 2008 State Bank of Pakistan. All Rights Reserved. Disclaimer. Instructions

State Bank of Pakistan
I.I. Chundrigar Road, Karachi, Pakistan.
Phone: 111-727-111, Fax: (92-21) 9212440
www.sbp.org.pk