Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 23
March 21, 1993 

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

DIRECT BORROWINGS IN PRIVATE SECTOR INCLUSIVE OF SUPPLIERS CREDITS/
GUARANTEED LOANS/PAYE LOANS – ABSORPTION OF EXCHANGE RISK BY THE
GOVERNMENT AGAINST PAYMENT OF FEE

Attention of Authorized Dealers in invited to F.E. Circular No.66 dated the 27th July, 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    8.02% per annum
D. Mark  7.01%    "
Pound Sterling 6.44%    "
Swiss Franc 8.73%   "
Japanese Yen 8.60%    "

         

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.

       
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