Please
refer to BPRD Circulars No. 24,34, 37 and 40 dated the 12th
July, 31st August, 16th October and
21st November, 1998 respectively on the above subject.
2.
It has since been decided that with effect from January 11,
1999 letters of credit for import excluding import of wheat,
PCL products, 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, shall be opened
subject to a minimum cash margin of 20% instead of 30%.
Please
acknowledge receipt.
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