KARACHI: In order to discourage imports and ease mounting pressure on Pakistani rupee, the State Bank of Pakistan (SBP) has imposed 100 percent cash margin restriction on import of additional 114 items. The central bank in a notification on Thursday referred to BPRD Circular No. 02 of 2017 and BPRD Circular No. 5 of 2018 on the captioned subject, as amended from time to time. In that regard, it has been decided that banks, with immediate effect, shall obtain 100 percent cash margin on the import of 114 items. Furthermore, it has been decided to waive the condition of 100 percent cash margin requirement on imports made against HS Code 8414.8090-air pumps and gas compressors (S. No. 17 of Annexure-A of BPRD Circular No. 05 of 2018). TLTP
