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.