Circulars/Notifications - Banking Supervision Department  
 BSD Circular No. 17
March 31, 2001 

All  Banks / NBFIs,

Dear Sirs,

Export Finance Scheme

 

Please refer to BSD Circular No.02 dated 16th January,  2001 on the captioned subject.

2. It has been decided that effective 1st April 2001 the maximum rate of finance to be charged by the banks from their borrowers under Export Finance Scheme for all eligible commodities except bleached / unbleached cloth as also under Part B Export Sales of the Scheme for financing Locally Manufactured Machinery shall be 10.5%.  Where refinance is obtained by the financial institution concerned from SBP it will be subject to a maximum of 9 %  p.a.

3. In case of bleached / unbleached cloth the rates of finance to be paid by the borrowers and on the refinance obtained by the concerned bank from State Bank shall be 12.5%  and 11.%    respectively.

4. Suitable amendments may accordingly be made in ICD Circular Nos.12 and 13 of November 13, 1994 and BSD Circular No.22 of 19th August, 2000.

5. Other instructions on the subject shall remain unchanged.

Please acknowledge receipt.



Yours faithfully,
(KAZI ABDUL MUKTADIR)
Director
       
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