KARACHI: State Bank of Pakistan (SBP) on Thursday waived requirement of 100 percent cash margin on import of various goods.
The SBP said that 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 | CARTONS, BOXES & CASES | CARTONS, BOXES AND CASES, OF CORRUGATED PAPER OR PAPERBOARD |
| 2 | 84159030 | COVER FOR INNER BODY OF AIR CONDITIONER | COVERS FOR INNER BODY |
| 3 | 84149090 | OTHER 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 WASHING MACHINE | PARTS |
| 8 | 85366990 | OTHER ELECTRIC SWITCH, RELAYS, FUSES | OTHER |
| 9 | 84186990 | OTHERS | OTHER |
| 10 | 84193900 | OTHER DRYER | OTHER |
| 11 | 40141000 | SHEATH CONTRACEPTIVES | SHEATH CONTRACEPTIVES |
The SBP directed the banks 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.