Thursday July 7, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

Central bank eases cash margin restriction on imports

by Web Desk September 24, 2020

AA

 Central bank eases cash margin restriction on imports

KARACHI: The State Bank of Pakistan (SBP) has eased 100 percent cash margin requirement on the import of certain raw materials to support manufacturing and industrial sectors and further enhance their capacity to contribute towards the recovery of the economy in post COVID-19 era.

The cash margin condition was initially imposed in 2017 on 404 HS Codes and later in 2018 on a further 131 items, with a view to contain the import of mostly consumer goods and to allow room for the import of more growth-inducing items, said the SBP press release.

Also Read: Saudi Arabia grants permission to PIA to fly 21 additional flights

Considering the challenges posed by the COVID-19 to the manufacturing sector and other economic segments, and on the representations made by various businesses and associations, the SBP re-evaluated the cash margin requirements and decided to remove this requirement on 106 items/HS Codes.

The removal of the cash margin requirements on these items will support businesses’ cash flows and liquidity, by freeing up funds previously held with the banks under cash margin against imports, and route these funds towards avenues of growth and development that will benefit the economy.

The SBP remains committed to facilitate industries and businesses in contributing to the growth and development of the country, and is ready to take any further actions required to support the overall manufacturing and industrial activity.

Post Views: 108

Share This:

Tags: cash imports margin restriction SBP
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
Citizen Journalism

Soldier martyred during exchange of fire with

July 7, 2022
News

Two govt employees arrested for posting female

July 7, 2022
News

Court issues immediate release orders of anchorperson

July 7, 2022
News

Monsoon rains kill 77 in Pakistan

July 6, 2022
July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    
Related Stories for you

Roshan Digital Account hits highest-single day deposits of $57m

June 22, 2022

Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday as $57 million were deposited in

Dollar reaches all-time high of Rs203 in inter-bank market

June 7, 2022

On the second day of the trading week, the rupee depreciated further against the dollar in the inter-bank market, with

Pakistan’s forex reserves hit all-time low since December 2019

May 13, 2022

Karachi: Foreign exchange reserves of the State Bank of Pakistan (SBP) have reached a 23-month low, reserves decreased by $190

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.