AAll
Authorized 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. 27 dated the 7th March, 1994
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 |
6.66% per annum
|
| D. Mark |
7.51%
" |
| Pound Sterling |
5.90%
" |
| Swiss Franc |
8.90%
" |
| Japanese Yen |
9.10%
" |
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.