Circulars/Notifications - Exchange Policy Department  
 EPD Circular Letter No. 24 / EPP 1(51) 3% R&D -2007
October 06, 2007  

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.

 


Yours sincerely,

Sd/-

(Muhammad Akmal)
Joint Director



       
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