Circulars/Notifications - Banking Policy Department  
 BPD Circular Letter No. 24
September 5, 2002  

All Banks
Dear Sirs/Madam,

 

Export Finance Scheme

 


Please refer to the BSD Circular No. 6 dated 13th April 2002 in terms of which export finance facilities were extended under the captioned Scheme for export of Brown Rice in bulk /loose to the European Countries against sight LCs only.

 

2. In order to further support the exports of Brown Rice it has been decided to allow pre-shipment export finance facilities under Part-I of the captioned Scheme to the exporters of the Brown Rice in bulk / loose against contract, with shipment to be allowed only against an irrevocable LC.

 

Please acknowledge receipt.


Yours faithfully,
(Qasim Nawaz)
Joint Director

BPD Circulars/ Circular Letters issued in 2003
       
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