Circulars/Notifications / Infrastructure, Housing & SME Finance Department  


 SMEFD Circular No. 12 of 2009
July 16, 2009 

The Presidents/ CEOs,
All Banks.

Dear Sirs /Madam,

Export Proceeds of Eligible Goods sold at International
Fairs/Exhibitions in Performance/entitlement
Under Part-II of Export Finance Scheme

       State Bank of Pakistan has received representations from some trade bodies / exporters to account for the export performance of goods sold in the international fairs/exhibitions under Part-II of the Export Finance Scheme.

2. It has been decided that export performance of eligible goods sold in the international fairs/exhibitions will be taken into account for performance /entitlement purpose under Part-II of the Export Finance Scheme provided that exporters have not already availed loan(s) under Part-I on post shipment basis there-against as well as fulfillment of the requirements as prescribed by EPD in category ‘B’ of para 31 of Chapter XVII of FE Manual.

3. Other instructions on the subject shall remain unchanged.

Please acknowledge receipt.

 

Yours faithfully,

Sd/-

(Mansoor H. Siddiqui)
Director


       
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