Please
refer to IH & SMEFD Circular No. 07 dated March 29,
2013 on the captioned subject.
2.
It has been decided that the markup rate for exporters
availing financing facilities under Export Finance Scheme
(EFS) will be 7.5% p.a. with effect from July 01, 2014
till further instructions. Banks’ spread for Corporate
borrowers and SME borrowers will remain unchanged i.e.
1% & 2% respectively.
3. The revised markup rate would also be applicable on
outstanding loans granted under EFS. Accordingly, banks
are advised to re-price their outstanding loans granted
under EFS. Simultaneously SBP BSC offices would also apply
reduced markup on outstanding refinance loans granted
under EFS. In order to reconcile the position of re-priced
loans, banks should submit particulars of outstanding
loans re-priced by the bank under EFS on prescribed annexure–I
to the concerned SBP BSC office(s) within 10 days from
announcement of this circular.
4. The
reimbursement of mark-up rate benefit to exporters, on
excess performance under Part-II of the Scheme, as specified
in SMEFD Circular No.15 dated October 31, 2009 and IH
& SMEFD Circular No. 01 of 2014, will be adjusted
accordingly keeping in view the revised mark-up rates.
5.
Other instructions on the subject shall remain unchanged.
Annex-I