SBP withdraws Cash Margin Requirement on import
MG News | March 24, 2023 at 09:14 PM GMT+05:00
March 24, 2023 (MLN): The State Bank of Pakistan (SBP) has decided to withdraw the existing Cash Margin Requirement (CMR) on the import of items, effective from March 31, 2023.
The CMR was previously imposed to regulate the country's import payments and maintain the balance of payments.
However, with the withdrawal of this requirement, the importers will no longer be required to maintain cash margins for imports, providing a boost to the country's trade and commerce.
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