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020315
STATE BANK OF PAKISTAN EXCHANGE POLICY DEPARTMENT KARACHI
F.E. Circular No. 6
March 15, 2002
All Authorised Dealers
in Foreign Exchange
Dear Sirs,
FOREIGN CURRENCY EXPORT FINANCE (FCEF) FACILITY
Please refer to F.E. Circular
No.13 dated the 15th September, 2001 containing therein mark up rates to be charged on the
above scheme circulated vide F.E. Circular No. 04 dated the 28th March, 2001.
2. The rates of mark up to be charged on the said scheme as from 15th March, 2002 shall be
as under:-
a) |
For Pre-shipment and post shipment financing to the exporters. |
4.98% |
b) |
In case of Post shipment financing where post shipment insurance |
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cover has been obtained by the exporter. |
4.48% |
c) |
Rate of mark up for refinance to be charged by SBP from the banks. 2.98% |
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The aforesaid mark up rates shall remain
applicable until new rates are notified. Necessary amendments may please be incorporated
in the F.E. Circular No. 04 dated the 28th March, 2001.
3. Other terms and conditions of the scheme shall remain unchanged.
Please acknowledge receipt.
Yours faithfully,
(M. R. MEHKARI)
Director
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