Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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SBP withdraws Cash Margin Requirement on import

SBP to issue new currency notes
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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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Posted on: 2023-03-24T21:14:38+05:00