State Bank of Pakistan has received representations from chambers / exporters’ associations that heavy load shedding and shortage of raw material has adversely affected their production. As a result some of the exporters could not ship export consignments in time leading to delay in export proceeds realization during FY 2009-10.

2.     In order to address the problems faced by the exporters it has been decided to allow an additional period of one month for the exporters having shortfall in required performance under Part-II for the monitoring year 2009-2010. Accordingly, they may include entries showing realization of export proceeds during July, 2010 in their EF-1 statement for the year 2009-2010. However, exporters having met the performance requirements of the Scheme shall submit EF-1 statement for the purpose of verification to FEOD during July-August, 2010 as usual.

3.      Other instructions on the subject shall remain unchanged.

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