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011121
STATE BANK OF PAKISTAN, BANKING SUPERVISION DEPARTMENT, CENTRAL DIRECTORATE KARACHI
BSD Circular No. 44
November 21, 2001
All Banks,
Dear Sirs,
EXPORT FINANCE SCHEME
Please refer to BSD Circular No. 34 dated 28th
September 2001 alongwith other instructions issued on the captioned subject from time to
time.
2. It has been decided that effective 1st December 2001, the maximum rate at
which State Bank would allow refinance to banks on their disbursement to exporters under
captioned scheme shall be 8.5% p.a. The commercial banks shall however ensure that where
financing facilities are extended by them for availing refinancing facilities under the
Export Finance Scheme, their maximum margin/spread does not exceed 1.5% p.a.
3. The financing facilities under Part-B (Export Sales) of the Scheme for financing
Locally Manufactured shall also attract similar mark up rate structure.
4. Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
Yours faithfully,
Sd/-
(KAZI ABDUL MUKTADIR)
Director
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