Recently Decided Cases
DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
In an effort to boost protection of the country’s dwindling foreign reserves, the government has directed all importers to secure permission from Pakistan’s federal finance ministry for the opening of LCs. The move was taken to supplement State Bank of Pakistan (SBP) restrictions which cover only 15% of the country’s imports.
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