The Presidents/ CEOs,

All Banks.

Dear Sirs / Madam,

RELAXATIONS TO EXPORTERS UNDER

THE EXPORT FINANCE SCHEME

Please refer to MFD Circular No. 03 dated June 20, 2008 on the captioned subject.

It has been decided to account for the export proceeds realized by the exporters upto July 31, 2008 for the purpose of entitlement of limit in their EE-1 statement of 2007-08, to enable them to avail limit there-against for FY 2008-09. You are, therefore, advised to please arrange to submit additional EE-1 statements of the exporters containing realization of export proceeds during July, 2008 to FEOD, SBP-BSC Office concerned for verification. The verified additional EE-1 statement may then be forwarded to Refinance Unit of the respective SBP-BSC Office for availment/enhancement of limit, if any, as usual.

Other instructions on the subject shall remain unchanged

Please acknowledge receipt.