Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 29
March 10, 1992 

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

DIRECT BORROWINGS IN PRIVATE SECTOR INCLUSIVE OF SUPPLIERS CREDITS/

GUARANTEED LOANS/PAYEE LOANS- ABSORPTION OF EXCHANGE RISK BY THE

GOVERNMENT AGAINST PAYMENT OF FEE

Attention of Authorised Dealers is invited to F.E. Circular No. 9 dated the 22nd January, 1992 on the subject noted above.

 2.     The rates of exchange risk coverage fee have since been revised. The revised rates are as under

 U.S. Dollar                    6.51% per annum.

D. Mark                       5.17% per annum

Pound Sterling              5.00%  per annum

Swiss Franc                 6.67% per annum

Japanese Yen              7.50% per annum 

The above rates will apply to the exchange risk coverage options received in the State Dank of Pakistan on or after the date of issue of this Circular.
(MUHAMMAD ISHAQUE)
Senior Deputy Director
       
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