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.
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