The
Presidents / CEOs,
All Banks
Dear
Sirs / Madam,
CLARIFICATION
OF MARK-UP UNDER
EXPORT FINANCE SCHEME
Please
refer to SME&MFD Circular No.22 dated November 30, 2006
regarding fixation of rates under Export Finance Scheme
read with SME&MFD Circular No.03 of July 31, 2007.
2.
While the existing rate of mark-up on Export Refinance shall
continue for the month of September, 2007, it is reiterated
that the aggregate financing facilities provided by banks
under Export Finance Scheme (SBP & bank funded) shall
continue to carry a maximum mark-up of 7.5% irrespective
of the fact that SBP has revised mechanism for grant of
refinance, provided request for financing by exporters fulfill
lending conditions of the financing bank and conditions
/ criteria prescribed under the Scheme.
3.
Other instructions on the subject shall remain unchanged.
Please
acknowledge receipt.