BPD
Circular No. 29 |
August
29, 2003
|
All
Banks ,
Dear
Sirs ,
Export
Finance Scheme - Refixation of rates for September, 2003
|
Please
refer to BPD Circular No.27 dated 30th July, 2003
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 Circular referred to above
i.e.1.5% p.a. shall continue to be applicable
for the month of September, 2003. 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,
Sd/-
(Muhammad Kamran Shehzad)
Director |
|
BPD
Circulars/ Circular Letters issued
in 2002 |
|