Tag: letters of credit
Posted in Economy
Lenders asked to step up vigil on advance payments, LCs for imports
The government has asked banks to step up watch after receiving reports of misuse of advance payments mechanism and letters of credit (LCs) for goods…
Posted in Pakistan News
Pakistan: ‘Pakistan staring at worst medicine crisis’: Essential drugs, supplies stuck at ports due to low forex reserve
NEW DELHI: Pakistan‘s worsening economic crisis and increasingly strict austerity measures, which are being implemented by the Shehbaz Sharif government in the hopes of securing…