27
Mar
11:48
Pakistan central bank withdraws steel import deposit requirement
The State Bank of Pakistan (SBP) has removed all cash margin requirements (CMR) on imports of steel coils, with effect from 31 March, thereby removing a barrier to imports of these products, Kallanish notes.
The move fulfils a condition of the International Monetary Fund (IMF) before it can reach a staff-level agreement with Pakistan.
Steel coils under HS code headings 7208, 7209, 7210, 7211, 7225 and 7227 were previously included under the 100% CMR list. Import…
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Very good overview of the weekly steel market.
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