Circulars/Notifications  

 BPRD Circular No. 12 of 2009
June 12, 2009

The Presidents/Chief Executives,
All Banks

Minimum Margin Restriction on Import Letters of Credit

Please refer to BPRD Circular Nos.06 and 11 dated May 22, 2008 and August 27, 2008 respectively and subsequent Circular Letters on the captioned subject.

It has been decided to withdraw cash margin restriction for opening of import letters of credit with immediate effect.

Please acknowledge receipt.

Yours sincerely,

Sd/-
(Muhammad Akhtar Javed)
Senior Joint Director

 

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