| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
010226
STATE BANK OF PAKISTAN BANKING BANKING SUPERVISION DEPARTMENT
BSD Circular No.11
February 26, 2002
All Banks
Dear Sirs,
EXPORT FINANCE SCHEME- REFIXATION OF RATES FOR MARCH, 2002
Please refer to BSD Circular
No.04 dated 29th January, 2002 alongwith other instructions issued on the captioned
subject from time to time.
2. It has been decided that effective from 1st March, 2002 the rate at which State
Bank would allow refinance to banks on their disbursement to exporters under the captioned
Scheme shall be 6% 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
|
|
|
|
|
|
| Home | About Us | Contact | Information Resources |