KARACHI: A 100 per cent cash margin requirement on imports to be imposed in order to discourage rising foreign purchases, market sources said on Wednesday.
The sources said that restriction on cash margin has been imposed to discourage import and support balance of payment.
The rupee is continuously falling and making lows for the past several days. The rupee fell to a new record low of Rs170.48 to the dollar in the interbank foreign exchange market on September 29, 2021.
The sources said that the condition of 100 per cent cash margin requirement on import of some medical items may not apply.