As you are aware, SBP is already charging lower mark-up rate from exporters against export refinance facility under EFS in order to enable them to become competitive in the international market. In this regard, it has been decided to further incentivize financing under EFS (Part-II) by way of lowering mark-up rates for high performers. The following mark-up rates will be charged from exporters based on their export performance against borrowing from SBP under EFS Part-II:-

Performance Requirement	Mark-up Rate for Borrower
2.00 to 3.00 times	7.5% p.a. (Standard EFS Rate)
3.01 to 4.00 times	7.0% p.a.
4.01 to 5.00 times	6.5% p.a.
Above 5.0 times	6.0% p.a.

2. The exporters who have achieved excess performance as mentioned above will claim benefit of mark-up rate differential from SBP through their bank provided they have no export proceeds overdue bills. The benefit in mark-up rate will be reimbursed to exporters through their banks on submission of claim form (form attached) to respective offices of SBP-BSC, after verification of export performance as per EF-1 statement(s) by FEOD at the end of each financial year.

3 Other instructions on the subject shall remain unchanged.

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