All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
DIRECT
BORROWINGS IN PRIVATE SECTOR INCLUSIVE OF SUPPLIERS CREDITS/
GUARANTEED LOANS/PAYE LOANS- ABSORPTION OF EXCHANGE RISK
BY THE
GOVERNMENT AGAINST PAYMENT OF FEE
Attention
of Authorized Dealers is invited to F.E.
Circular No.51 dated the 2nd June, 1992 on
the subject noted above.
2.
The rates of exchange risk coverage fee have since been
revised. The revised rates are as under:-
| U.S.
Dollar |
6.85%
per annum |
| D.
Mark |
5.00%
per annum |
| Pound
Sterling |
5.00%
per annum |
| Swiss
France |
5.81%
per annum |
| Japanese
Yen |
7.40%
per annum |
3.
The above rates will apply to the exchange risk coverage
options received in the State Bank of Pakistan on or after
the date of issue of this Circular.
