Circulars/Notifications - Banking Policy Department  
 BPD Circular No. 4
March 30, 2002  

All Banks.

Dear Sirs,

EXPORT FINANCE SCHEME-REFIXATION OF RATES

 

Please refer to BSD Circular No. 11 dated 26th February 2002 alongwith other instructions issued on the captioned subject from time to time. 

2.         It has been decided that effective from 1st April 2002 the rate at which State Bank would allow refinance to banks on their disbursement to exporters under the captioned scheme shall be 6.5% p.a.  The commercial banks shall, however, ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export Finance 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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