State Bank of Pakistan

Please refer to BPRD Circular No. 02 of 2017 and BPRD Circular No. 05 of 2018 on the captioned subject, as amended from time to time.

2. Based on the representations of industries and other relevant stakeholders, it has been decided to waive the condition of 100 percent cash margin requirement on imports made under following HS Codes:

S. No.	HS Codes	Description as given in BPRD Circulars	Description as per FBR’s PCT Codes
1	48191000	CARTON,BOXE&CASES CORRU PAPE	CARTONS, BOXES AND CASES, OF CORRUGATED PAPER OR PAPERBOARD
2	84159030	COVERS INER BODY AC MACHINES	COVERS FOR INNER BODY
3	84149090	OTH PARTS AIR/VACUUM PUMPS	OTHER
4	84159099	OTHER - AIR CONDITIONING MACHINES	OTHER
5	84189910	EVAPORATORS,	EVAPORATORS (ROLL BOND / FIN / TUBE ON PLATE TYPES)
6	84189920	CONDENSORS,	WIRE CONDENSERS
7	84509000	PARTS FOR H/HOLD WASH MACHINE	PARTS
8	85366990	OTH ELEC SWITCH, RELAYS, FUSES	OTHER
9	84186990	OTHERS	OTHER
10	84193900	OTHER DRYERS	OTHER
11	40141000	SHEATH CONTRACEPTIVES	SHEATH CONTRACEPTIVES

3. Banks are further clarified that cash margin requirement will not be applicable on the imports made under HS Code 87021090 (Others) by Category-A and Category-B investors as defined in the Automotive Development Policy, 2016-2021.

4. All other instructions contained in the aforementioned Circulars shall, however, remain unchanged.

5. Please acknowledge receipt.