SBP waives cash margin requirement on two HS Codes

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KARACHI: State Bank of Pakistan (SBP) has waived the condition of 100 percent cash margin on import of goods falling under HS Codes 6310.9000 and 9506.9912.
In a Circular issued on Wednesday, the SBP decided to waive the condition of 100 percent cash market requirement on import made via HS Codes, including 6310.9000 (blanket & traveling rugs) and 9506.9912 (football bladder).
The SBP imposed 100 percent cash margin on 404 items on February 24, 2017 in order to discourage import of unnecessary and luxurious goods.

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