Circulars/Notifications - Banking Policy Department  
 BPD Circular No.15
May 02, 2003  

All Banks

Dear Sir,

REFINANCE FACILITY UNDER PART-I OF THE EXPORT
FINANCE SCHEME FOR ELIGIBLE GOODS SUPPLIED
LOCALLY AGAINST INTERNATIONAL TENDERS

 


Please refer to the captioned Scheme circulated vide BCD Circular No. 4 dated the 26th January, 1982 read with subsequent instructions issued from time to time.

2.         It is advised that the instructions contained in the above Circulars will now also be applicable on sub-contractor(s).  The sub-contractor(s) can, therefore, avail financing facilities under the captioned Scheme, provided; i) the payment for such supplies is received by them from the main contractor in foreign currency against LCs established by the main supplier, and ii) the financing facilities have not been already availed by the main supplier for the work assigned to the sub contractor(s). 

3.         Other instructions on the subject shall remain unchanged.

 

Please acknowledge receipt.



Yours faithfully,
Sd/-
(Muhammad Kamran Shehzad)
Director

BPD Circulars/ Circular Letters issued in 2002
       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.