Imposition of 100% Cash Margin on Import of Certain Consumer Items

Karachi, February 24, 2017 (PPI-OT):State Bank of Pakistan, in exercise of powers entrusted to it under Banking Companies Ordinance, 1962, has imposed 100% cash margin requirement on import of certain consumer items. This regulatory measure would, inter-alia, discourage the import of these items and would have nominal impact on the general public.

The requirement of 100% cash margin has been prescribed on items such as motor vehicles (both CKDs and CBUs), mobile phones, cigarettes, jewellery, cosmetics, personal care, electrical & home appliances, arms & ammunitions etc.

State Bank expects that this regulatory measure would help accommodate incremental import of growth-inducing capital goods.

For more information, contact:
Chief Spokesman
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: syed.wasimuddin@sbp.org.pk
Website: www.sbp.org.pk

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