Removal of Industrial Inputs from List under Foreign Exchange Act |
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| Reform ID | E048 | |
| Reform Description | Removing Industrial Inputs from the List Under Foreign Exchange Act
Before: SBP had imposed margin restriction on import of items listed under FE Act-BPRD Circular No. 2 of 2017 and 5 of 2018. After: SBP has waived the condition of 100 percent cash margin requirement on imports made against the restrictions imposed in 2017-18 for 106 items in 2020 and for 11 items in 2021. |
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| Sector | Trade Sector | |
| Beneficiaries | All Businessmen | |
| Jurisdiction/Location | Whole Pakistan | |
| Department | State Bank of Pakistan | |
| Date of Implementation | 24-09-2020 and 11-03-2021 | |
| Details | Difficulty | ● State Bank of Pakistan had imposed margin restriction on import of items listed under FE Act-BPRD Circular No. 2 of 2017 and 5 of 2018 (Annexure-1). |
| Analysis | ● State Bank of Pakistan was convinced that restrictions on import of items listed under FE Act-BPRD Circular No. 2 of 2017 and 5 of 2018 do not seem appropriate and are affecting businesses negatively. | |
| Solution | ● SBP has waived the condition of 100 percent cash margin requirement on imports made against the restrictions imposed in 2017-18 for 106 items in 2020 and for 11 items in 2021. | |
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