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.23 dated the 21st March, 1993
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 |
8.19%
per annum |
| D. Mark |
5.77%
" |
| Pound Sterling |
6.98%
" |
| Swiss Franc |
8.78%
" |
| Japanese Yen |
8.40%
" |
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.
