State Bank of Pakistan

Circulars/Notifications - Exchange Policy Department

F.E. Circular No. 06

April 21, 2001

All Authorised Dealers in Foreign Exchange

Dear Sirs,

FOREIGN CURRENCY EXPORT
FINANCE (FCEF) FACILITY

Please refer to the Foreign Currency Export Finance (FCEF) Scheme circulated vide our F.E. Circular No. 4 dated the 28th March, 2001.

2. The rates of markup to be charged for the purpose of Para 2(a) of the said Scheme shall be as under:-

a) For Pre-shipment and post shipment financing to the exporters = 7.65% p.a.

b) In case of Post shipment financing where post shipment insurance cover has been obtained by the exporter = 7.15% p.a.

c) Rate of markup for refinance to be charged by SBP from the Banks = 5.65% p.a.

3. The said markup rates shall remain applicable until new rates are notified. Necessary amendments may please be incorporated in the said Circular.

4. Other terms and conditions of the Scheme shall remain unchanged.

Please acknowledge receipt.

Yours faithfully,
(M. R. MEHKARI)
Director


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