The Presidents/CEOs, All Banks,
Dear Sirs / Madam,
PROCUREMENT OF WHEAT BY THE PRIVATE SECTOR-2009
Please refer to para (iii) of SMEFD Circular No.03 dated 30-01-2009 on the above noted subject. 2. It has been decided to withdraw minimum cash margin requirement of 10% of the value of the wheat stock on wheat financing for the private sector. 3. Other instructions on the subject shall remain unchanged. Please acknowledge receipt.
Please refer to para (iii) of SMEFD Circular No.03 dated 30-01-2009 on the above noted subject.
2. It has been decided to withdraw minimum cash margin requirement of 10% of the value of the wheat stock on wheat financing for the private sector.
Yours faithfully,
Sd/-
(Mansoor H. Siddiqui) Director