President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tanvir Ahmed Shaikh has appreciated that State Bank of Pakistan decision to withdraw L/C margin requirement on import of raw material.
In a statement, he said that this timely decision will improve the liquidity of the industry, which will ultimately ensure the availability of raw material to the industry of Pakistan which will regenerate the production process and help in boosting exports.
Former President of Karachi Chamber of Commerce and Industry (KCCI) Zubair Motiwala also hailed the decision of government to withdraw the condition of 35 percent L/C margin in industrial raw martial and to bring it back to zero.-PR