Please refer to SMEFD
Circular Nos. 03 & 04 dated March 22, 2010 regarding
above referred Mark up Rate Facilities for the Textile
Sector.
2. It is advised that Ministry of Textile
Industry (MINTEX), Government of Pakistan has released
necessary budget to make payment of 2nd installment of
mark-up subsidy for the period from 01-03-2010 to 31-08-2010
under above Schemes. However, budgetary allocation is
not sufficient to clear 100% claims under both Schemes
for said six months period. Therefore, it has been decided
in consultation with the Ministry of Textile Industry
that claims of banks / DFIs may be cleared to the extent
of 40% under these Schemes.
3. In view of the above, banks/DFIs are
advised to calculate 2nd installment of mark-up subsidy
for six months period from 01-03-2010 to 31-08-2010 under
both the Schemes separately keeping in view the instructions
contained in above circulars. They should make payment
to the eligible exporters / borrowers to the extent of
40% of Total Subsidy for said six months period. The remaining
amount of subsidy will be subject to receipt of requisite
funds from the Government of Pakistan.
4.
After making payments of Mark-up Rate Subsidy to the extent
of 40% of Total Subsidy, the disbursing branches of banks/DFIs
may seek its reimbursement from the concerned offices
of the SBP-BSC on submission of duly completed claims
as per claim forms attached to above circulars, up-to
June 15, 2011. Each claim should invariably
be accompanied with a duly attested copy of Ministry of
Textile Industry’s Registration Certificate.
Other instructions on the
subject Schemes shall remain unchanged.