Circulars/Notifications - Banking Supervision Department  
 BSD Circular Letter No. 19
August 21, 2001  

All Banks,

Dear Sirs,

SELECTIVE CREDIT CONTROL- MARGIN ON FINISHED GOODS TO TRADERS

 

Please refer to para II (2)  (Advances to traders) of BCD Circular No.5 dated the 5th July, 1987 through which a margin of 75% was fixed for advances to traders against finished goods.

2.         It has now been decided to reduce the said margin requirement to 40% against financing facilities extended by banks in respect of finished goods manufactured in Pakistan, to those traders only who are registered   with GST / Income Tax Department.

3.         Other instructions on the subject shall however, remain unchanged.

 Please acknowledge receipt.


Yours faithfully,
(Kazi Abdul Muktadir)
Director
       
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