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 trade associations of not opening the LC of imported raw materials is not correct, 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, the State Bank has approved the payment of 7,000 cases and the delay in approval is sometimes due to submission of wrong or insufficient information.
