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No restriction on import of industrial raw materials, State Bank


Banks to take prior permission for payment of certain imports: State Bank— Photo: File

The State Bank of Pakistan has said that there is no restriction on the import of raw materials.

According to the statement of the State Bank, the claim of the trade associations of not opening the LC of imported raw materials is not true, there is no restriction on the import of industrial raw materials.

State Bank says that banks have to take prior permission for payment of certain imports.

According to the statement, State Bank has sanctioned the payment of 7 thousand cases and the delay in sanction is sometimes due to submission of wrong or insufficient information.




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