SBP abolishes cash margin requirement on imported items

City News Mar, 25 2023

KARACHI: The State Bank of Pakistan (SBP) on Friday abolished the dollar cash margin requirement on imports from March 31.

Experts claimed that the government fulfilled another condition of the International Monetary Fund (IMF) by ending the dollar cash margin requirement on imports.

It is pertinent to mention here that the government imposed a cash margin requirement in August 2022 to limit imports of luxury and non-essential goods to deal with the country’s financial crisis.

The SBP has issued a notification to all financial institutions instructed to put an end to the dollar cash margin requirement on imports.

Published in The Daily National Courier, March, 25 2023

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Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.