Please
refer to BSD Circular No. 26 dated 30th June, 2001
alongwith other instructions issued on the captioned subject
from time to time.
2.
It has been decided that effective 1st October
2001, the maximum rate of finance to be charged by the banks
from their borrowers under the Export Finance Scheme for all
eligible commodities as also under (Part-B) Export Sales of
the Scheme for financing Locally Manufactured Machinery shall
be 12.0% p.a. Where refinance is obtained by the financial
institution from the State Bank, itubject to a maximum of
10.5% p.a.
3.
Suitable amendments may accordingly be made in ICD
Circular No. 12 and 13 of November 13,1994
4.
Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
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