‘Steel shortage’: Manufactures urges SBP to open LCs
- 20-Feb-2023
KARACHI: Pakistan Association of Large Steel Producers (PALSP) has expressed concern over the shortage of steel in the country, urging the State Bank of Pakistan (SBP) to open letters of credit (LCs) for the import of essential raw materials, ARY News reported on Monday. The steel manufactures penned down a letter to State Bank of […]
SBP rebuffs rumours about restriction on LCs for import of oil, LNG
- 02-Dec-2022
KARACHI: The State Bank of Pakistan (SBP) has rejected the rumours about the restrictions imposed on the opening of Letters of Credit (LCs) or contracts for the import of crude oil, liquefied natural gas (LNG) and other petroleum products. In a statement, the central bank said it has not placed any restriction on opening of […]