950321
STATE BANK OF PAKISTAN NBFIs REGULATIONS AND SUPERVISION DEPARTMENT CENTRAL DIRECTOTATE
P.O. Box No 4456
KARACHI
NBFIs Circular No. 4
21st March, 1995
Chief Executives of all NBFIs
Dear Sirs,
RATE OF PROFIT UNDER TRADE RELATED MODES OF FINANCING
Please refer to banking Policy & Regulation Department Circular No. 16 dated 13th November, 1994 on the captioned subject.
It is clarified that the ceiling of 17.5% rate of profit is not applicable to finance (including lease finance) provided for fixed industrial investment.
Yours faithfully,
(MANSUR-UR-REHMAN KHAN)
Director
