Circulars/Notifications  

 BPRD Circular No. 40
November 21, 1998   

All Banks/NBFIs

Dear Sirs,

MINIMUM MARGIN RESTRICTION ON
IMPORT LETTERS OF CREDIT.

Please refer to the instructions conveyed vide BPRD Circulars No.24 dated 12th July, 1998 and No.34 dated 31st August, 1998 as modified vide BPRD Circular No.37 dated the 16th October, 1998

It is clarified that the above circulars do not apply to imports made by the Federal and Provincial Governments against cash allocation and imports under loans/credits/aid, whether in the Public Sector or Private Sector.

Please acknowledge receipt

Yours faithfully,
Sd/-
(MUHAMMAD JAVED)
ADDITIONAL DIRECTOR

Back to Circular Page / Home Page
 

© 2003 State Bank of Pakistan. All Rights Reserved. Disclaimer. Instructions

State Bank of Pakistan
I.I. Chundrigar Road, Karachi, Pakistan.
Phone: 092-021-24450298, Fax: (92-21) 9212440
www.sbp.org.pk