Please
refer to BPRD Circular No. 3 dated the 9th January,
1999 on the above subject.
2. It has since
been decided that with effect from January 25, 1999 letters
of credit for import (excluding import of wheat, POL products,
imports made by the Federal and Provincial Governments against
cash allocation, imports under loans/credits/aid, whether
in the public sector or private sector and import of items
against various scheme of temporary imports for exports e.g.
NDND Scheme, manufacturers in Bonde Scheme etc.) shall be
opened subject to a minimum cash margin of 10% instead of
20%.
Please acknowledge
receipt.
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