SBP waives 100 percent cash margin requirement on various imported goods

KARACHI: State Bank of Pakistan (SBP) has waived condition of 100 cash margin on import of various goods against five different HS Codes.

The SBP in a circular issued on Tuesday said that it had been decided to waive the condition of 100 percent cash margin requirement on imports made against the HS Codes: 0105.1100, 8472.9090, 8473.3090, 1006.1010, 8472.9010

The SBP said that moreover, it is also clarified that 100 percent cash margin shall not be applicable to the import made by Independent Power Producers and Captive Power Producers against HS Code 8543.7090 – Other.

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

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