Please refer to SMEFD Circular No 03 dated March 22, 2010 read with SMEFD Circular Letter No. 14 dated December 22, 2010 regarding the captioned subject.

2. In this connection it is advised that Ministry of Textile Industry has released budgetary allocation for FY 2010-11 to release up-to 8% un-paid Export Finance Mark-up Rate Facility for the period from 01-09-2009 to 28-02-2010.

3. Accordingly, offices of SBP-BSC (Bank) would release Export Finance Mark up Rate Facility to the extent of 8% of total claims against the cases which have been found in order and where 92% reimbursement has already been made to the banks under said Scheme. Banks should immediately pass on this additional reimbursement to the concerned exporters.