Print
Print edition: 2017-12-07
Football bladders: SBP withdraws 100 percent cash margin condition
1 min
The State Bank of Pakistan (SBP) Wednesday announced withdrawal of 100 percent cash margin condition on football bladders. According to BPRD Circular Letter No. 33 of 2017, issued on December 6, 2017, it has been decided to waive the condition of 100 percent cash margin requirement on imports made vide HS Codes 6310.9000, 9506.9912 (football bladder) with immediate effect. In exercise of powers vested in the State Bank of Pakistan under the Banking Companies Ordinance 1962, as on Feb 24, 2017, the SBP imposed 100 percent cash margin on the import of several items.
Copyright Business Recorder, 2017
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Business Recorder, 2017
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Business Recorder, 2017