Circulars/Notifications - Banking Supervision Department  
 BSD Circular No.19
July 01, 2000  

All Banks

Dear Sirs,

MINIMUM MARGIN RESTRICTION ON IMPORT

LETTERS OF CREDIT

Please refer to BPRD Circular No.33 dated the 14th October, 1999 on the above subject as amended from time to time.

In exercise of powers vested in the State Bank of Pakistan under the Banking Companies Ordinance, 1962, and in supersession of all previous instructions on the subject, it has been decided to withdraw the requirement of minimum cash margin on opening of import letters of credit with immediate effect.

Please acknowledge receipt.

Yours faithfully,
Sd/-(Jameel Ahmad)
Director

       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.