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050303
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular No. 7 of 2005
March 03, 2005
All Banks/DFIs
Dear Sirs/Madam,
Long Term Financing of Export Oriented Projects (LTF-EOP) – Re-fixation of
markup rates thereof
Please refer to the captioned scheme circulated vide BPD Circular No. 14 dated
18th May 2004.
It has been decided that effective 1st March 2005 the new rates of service
charges under the captioned scheme, in respect of refinance to be availed by the
Participating Financial Institutions (PFIs) approved for providing facilities
under the Scheme shall be as under: -
Tenure
Rate of refinancing to banks/DFIs
For borrowers requiring financing upto 2 years.
4.00%p.a.
For borrowers requiring financing over two years but upto 3 years.
4.00%p.a.
For borrowers requiring financing for period over three years and upto maximum
period prescribed under the scheme i.e. 7-1/2 years
5.00%p.a.
The PFIs shall continue to remain entitled to earn a maximum spread of 3% on
financing provided by them under the scheme.
The above rates shall remain applicable uptill 28th February 2006.
Please acknowledge receipt
Yours faithfully,
S/d
(Muhammad Kamran Shehzad)
Director
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