Incentive Schemes for Exporters
 
 
 Islamic Export Refinance Scheme (IERS)
 
IERS is a Shariah compliant mode of financing available for short-term working capital for exports of value added goods available through Islamic banks/branches (IBIs)
Maximum loan tenor for financing is 180 days
Financing is provided on Musharaka basis between SBP and IBI
IBIs contribution is equal to or more than SBP’s share
Profit and Loss of Musharka Pool is shared between IBI & SBP
 
Click here for detailed features of the scheme
  •  
    SBP Policy Rate
    22.00% p.a.
     
    SBP Overnight
    Reverse
    Repo (Ceiling) Rate
    23.00% p.a
     
    SBP Overnight
    Repo (Floor) Rate
    21.00% p.a.
  •  
    Weighted-average Overnight Repo Rate
    As on 23-Apr-24
    22.64% p.a.
    KIBOR
    As on 24-Apr-24
    Tenor BID OFFER
    3-M 21.52 21.77
    6-M 21.3

    21.55

    12-M 20.57 21.07
     

  • MTBs
    Tenor Rates
    3-M 21.6601%
    6-M 21.3874%
    12-M 20.8998%
    (as on Apr 17, 2024)
    Fixed-rate PIB
    Tenor Cut-off Rates
    3-Y 16.6500%
    5-Y 15.4800%
    10-Y 14.3500%
    15-Y No Bid
    20-Y No Bid
    30-Y No Bid
    (as on Apr 16, 2024)

    Floating-Rate PIBs (Quarterly Coupon)

    Tenor Cut-off Price
    2-Y Bids Rejected
    3-Y Bids Rejected

    Floating-Rate PIBs
    (Half-yearly Coupon)

    Tenor Cut-off Price
    5-Y 95.9376
    10-Y 95.8167
    (as on Apr 17, 2024)
    GIS FRR
    Tenor Cut-off Rental Rate/Price
    3-Y 100.2842
    5-Y 100.0022
    GIS VRR
    Tenor Cut-off Margin/Price
    3-Y 99.0800
    5-Y 98.7600
    (as on 21-Dec-2023)
  • PIB Auction
    (Fixed Rate)
    22-May-24


    MTB
    30-Apr-24

    Floating Rate PIB
    (Semi-Annual Coupon)


    30-Apr-24
    Floating-rate PIB
    (Quarterly Coupon)

    30-Apr-24
    As on 12-Apr-24
    SBP’s Reserves
    8,054.7
    Bank’s Reserves
    5,319.0
    Total Reserves
    13,373.7

  •  
    As on 24-Apr-24
     
    M2M
    Revaluation Rate
    278.3947
    Weighted
    Average Rate
    Bid: 278.1881
    Offer:

    278.6278

       
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