Please
refer to our letter No. BSD/RU-45/936(L)/X/2001-15638 to 15709
dated the 30th October, 2001 on the captioned subject
conveying sanction of individual limits to banks for the year
2001-2002.
It has been represented to us by the banks as well
as various exporters and their Associations
that the allocation of limit for utilization under
Part-II is being used
by their banks for curtailment of refinance facility
required by them despite entitlement admissible to them. It
has, therefore, been decided to do away with the requirement
of sub-ceiling under Part-II prescribed in this behalf for
the banks. The banks are now eligible to utilize the sanctioned
limit under either part without restriction of any sub-ceiling
at any office of SBP. The banks may now determine reallocations
of their limit within their overall refinance limit sanctioned
vide our letter referred to above afresh so that exporter’s
requests for finance is not refused for want of sufficient
limit under any part.
Please
acknowledge receipt.
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