Removal of import cash margins welcomed.

LAHORE -- The business community on Saturday appreciated the State Bank of Pakistan's decision of removing cash margin restrictions on imports of goods terming it a step in the right direction.

'We welcome the SBP's decision, as measures taken to minimise imports were affecting the industry that was facing a shortage of raw materials, machinery and other inputs leading to disturbing many sectors.'

The blockage of funds situation was also arising due to the condition of 100pc cash margin but now the situation would take a positive turn around,' Lahore Chamber of Commerce and Industry President Kashif Anwar said in a statement.

'The removal of cash margin will support the ease of doing business in Pakistan as a large number of companies were facing raw material shortages due to imposition of cash margin restriction. It is a wise decision,' he added.

The LCCI chief was also of the view that...