All
Authorised 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 is invited to F.E.
Circular No.41 dated the 31st May, 1993 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 |
8.07%
per annum |
D.
Mark |
6.10%
" |
Pound
Sterling |
6.97%
" |
Swiss
Franc |
8.90%
" |
Japanese
Yen |
8.10%
" |
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.