Circulars/Notifications - Banking Policy Department  
 BPD Circular No. 22
August 30, 2002  

All Banks

Dear Sirs,

EXPORT FINANCE SCHEME-REFIXATION OF RATES

 

Please refer to BPD Circular No. 19 dated 30th July 2002 alongwith other instructions issued from time to time on the captioned subject.

 

2.         It has been decided that rate of refinance under the Export Finance Scheme notified vide our BPD Circular No. 04 dated 30th March, 2002 i.e. 6.5% per annum shall continue to be applicable during the month of September 2002. The commercial banks shall, however, ensure that where financing facilities are extended by them to the exporters under the 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,
(Muhammad Kamran Shehzad)
Director

BPD Circulars/ Circular Letters issued in 2003
       
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