State Bank of Pakistan

Please refer to SMEFD Circular No. 03 dated March 22, 2010 read with IH&SMEFD Circular Letter No. 09 dated June 22, 2012; and SMEFD Circular No.04 dated March 22, 2010 regarding the captioned subject.

2. In this connection, it is advised that Ministry of Textile Industry (MINTEX) has now released funds to make following payments under above Schemes of the Government of Pakistan:

(i) Export Finance Mark-Up Rate Facility:
For payment of 22% pending liabilities of 2nd Installment for the period from 01-03-2010 to 31-08-2010.

(ii) Mark up Rate Support for Textile Sector against Long Term Loans:
For payment of 3rd Installment for the period from 01-09-2010 to 28-02-2011.

3. Moreover, MINTEX vide letters dated February 18 & 20, 2013 (copies enclosed) has also interalia advised that disbursement only be made to the textile units having approved / valid certificates of MINTEX. Ministry added that list of textile units registered with Ministry of Textile Industry (with their status i.e. provisional / approved and expiry date) is available on the link http://www.rdacell.com/registration/Statistics.aspx for ready reference.

4. Accordingly, banks may forward the claims of exporters to the concerned offices of SBP-BSC (Bank) for release of 22% ExportFinance Mark up Rate Facility of 2nd installment [from 01-03-2010 to 31-08-2010] along-with copies of valid registration certificates of MINTEX, after verifying the validity of the same from above link, up-to April 15, 2013 enabling the offices of SBP-BSC (Bank) to release pending claims for said period against the cases which have been found in order and where 78% reimbursement has already been made to the banks under said Scheme.

5. Further the banks/DFIs may also lodge subsidy claims for 3rd Installment (from 01-09-2010 to 28-02-2011) under Mark up Rate Support for Textile Sector against Long Term Loans, keeping in view the instructions contained in SMEFD Circular No.04 dated March 22, 2010. Duly completed claims on the prescribed format, along-with copies of valid registration certificates of MINTEX after verifying the validity of the same from above link, may be lodged with the concerned offices of SBP-BSC (Bank) up-to the above mentioned deadline.

Encl: As above