The State Bank of Pakistan has abolished the dollar cash margin requirementon imports from March 31, 2023.The SBP has issued a circular in this regardto all financial institutions.
To limit imports, the State Bank had imposed a cash margin requirement forluxury and non-essential goods.
The government imposed the ban in August 2022 to limit imports.
Experts said this cash margin is a form of security if the risk ofnon-payment is to be eliminated.
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According to experts, the cash margin imposed on imports has been withdrawnon IMF directives.
