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020129
STATE BANK OF PAKISTAN BANKING SUPERVISION DEPARTMENT KARACHI.
BSD Circular No. 04
29th January, 2002
All Banks
Dear Sirs,
EXPORT FINANCE SCHEME
Please refer to BSD Circular No.48 dated 27th December,
2001 alongwith other instructions issued on the captioned subject from time to time.
2. It has been decided that effective from 1st February, 2002 the rate at which State Bank
would allow refinance to banks on their disbursement to exporters under the captioned
scheme shall be 7% p.a. The commercial banks shall, however, ensure that where
financing facilities are extended by them to the exporters for availing refinance
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 Machinery shall also attract similar mark up rate structure.
4. Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
Yours faithfully,
(Kazi Abdul Muktadir)
Director
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