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.
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