Circulars/Notifications - Banking Supervision Department  
 BPRD Circular Letter No. 19
June 21, 2000  

All Banks,

Dear Sir,

EXPORT FINANCE SCHEME

Please refer to the captioned scheme circulated vide BCD Circular No.29 dated the 11th October, 1977 as amended from time to time.

We have to advise as under:-

I. In terms of Para 2 of the Scheme, Banks are required to submit application for approval of refinance limits based on their equity. In order to avoid difficulties in providing export finance under the Scheme, it has been decided to allow the revolving refinance limits sanctioned to banks for the year 1999-2000 to continue beyond 30th June, 2000 till such time a new limit for the year 2000-2001 is sanctioned by us and advised to them.

II. The limit granted to the exporters by you under Part II of the Export Finance Scheme for the year ending 30-06-2000 on the basis of export earnings of 1998-99 is allowed to continue upto 31-08-2000. In the meantime the exporters may be advised to submit fresh Form EE-I for the year ending 30-06-2000 for the loans availed/adjusted during the extended period and/or availment of loans for monitoring year 2000-2001 to cover such availment of refinance. It may however, be clarified that the extension of the limit has been allowed with a view to keep the cases of immediate refinancing (without waiting for verification of Form EE-I by the Foreign Exchange Department) to the minimum. The banks should make every effort to have Form EE-I of all their clients concerned verified by the Foreign Exchange Department and submit the same to the respective Offices of SBP within the aforesaid extended period.

III. You are also advised to please furnish us your requirement of limit for the year 2000-2001 latest by the 15th July, 2000 alongwith the information as per enclosed proforma.


Yours faithfully,
(Shoaib Ahmad)
Additional Director

DETAIL OF UTILIZATION OF LIMIT SANCTIONED TO _________________ BANK FOR THE LAST TWO YEARS UNDER EXPORT FINANCE SCHEME

Year end

June

Limit

Sanctioned

Total amount of refinance availed from SBP
% of average utilization of limit
Amount of finance provided to IDE, if any
Amount of export transactions undertaken by the bank
1
2
3
4
5
6

% of maximum utilization of limit at any point of time during the year

Total amount of Export Bills outstanding

Total amount of Export Bills overdue
7
8
9

1998 – 99
1999 – 2000


       
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.