All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
DIRECT
BORROWI0NGS 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.67 dated the 21st September, 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 |
8.68%
per annum |
D.
Mark |
7.82%
" |
Pound
Sterling |
6.93%
" |
Swiss
Franc |
6.34%
" |
Japanese
Yen |
9.00%
" |
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.