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 Authori8ed Dealers is invited to F.E.
Circular No. 153 dated. the 5th December, 1991 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
7.08% per annum
D.
Mark
5..00% per annum
Pound
Sterling
5.00% per annum
Swiss
France
6.08% per annum
Japanese
Yen
6.90% per annum
3. The above rates
will apply to the exchange risk coverage options received
in the State
Bank of Pakistan on or after the date of issue of this Circular.