
- SBP clarifies that no restrictions have been imposed on the opening of LCs to import crude oil, LNG.
- “Such information is disseminated with ulterior motives, to create uncertainty,” says SBP.
- The central bank says all LCs for oil imports will be phased out by their due date.
KARACHI: The State Bank of Pakistan (SBP) declined on Thursday rumours that the government imposes restrictions on the opening of letters of credit (LCs) or contracts for the…