Please refer to SMEFD Circular No. 03 dated March 22, 2010 read with IH&SMEFD Circular Letter No. 09 dated May 20, 2011 regarding the captioned subject.

2.            In this connection, it is advised that Ministry of Textile Industry has released additional budgetary allocation for FY 2011-12 to make payment up-to 23% under Export Finance Mark-up Rate Facility for the Period from 01-03-2010 to 31-08-2010.

3.            Accordingly, offices of SBP-BSC (Bank) would release Export Finance Mark up Rate Facility to the extent of 23% of total claims against the cases, which have been found in order and where 55% reimbursement has already been made to the banks under said Scheme. It may be noted that budgetary allocations for 2011-12 will expire on 30-06-2012. Banks should immediately pass on this additional reimbursement to the concerned exporters.