The
Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear
Sirs/Madam,
R&
D Support to Home Textile and Dyed/Printed Cloth Manufacturing
Units
Attention
of the Authorized Dealers is invited to F. E. Circular No.
12 dated August 28, 2006 on the captioned subject enclosing
therewith Ministry of Textile Industry’s SRO. No.
803(I)/2006 dated August 04, 2006. Now Ministry of Textile
Industry vide their O. M. No. F. 8. (102-2) TID/07-P-I dated
October 02, 2007 has announced that the penal interest rate
to be charged by SBP in terms of Annexure-II of the said
SRO is 4% above the interbank rate.
Authorized Dealers are advised to bring the same to the
notice of all their constituents.