Please refer to BPRD Circular No.8 dated the
26th April, 2000 through which the rate of markup
for commodity operations financing of the Government was fixed
at 12% per annum.
It
has been decided to reduce the said rate of markup from 12
% to 9.5 % per annum. The said markup rate will be applicable
with effect from 1st February, 2003 for commodity
operations financing of the Government and their agencies.
As
regards rate of markup on wheat procurement by the private
sector, it is advised that banks may provide financing facility
to the private sector on a market based rate of markup linked
with T- bill rate.
Please acknowledge receipt.
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