| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
040630
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular No. 21 of 2004
June 30, 2004
All Banks
Dear Sirs,
Export Finance Scheme – Refixation of Rates for July, 2004
Please refer to BPD Circular No.16 dated 31st May, 2004 alongwith other instructions issued from time to time on the captioned subject.
2. It has been decided that rate of refinance under the Export Finance Scheme notified vide our Circular referred to above i.e.2% p.a. shall continue to be applicable for the month of July, 2004. The commercial banks shall, however, ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export Finance Scheme, their maximum margin / spread does not exceed 1.5% p.a.
3 The financing facilities under Part-B (Export Sales) of the Scheme for financing Locally Manufactured Machinery shall also attract similar mark up rate structure.
4. Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
Yours faithfully,
Sd/-
(Muhammad Kamran Shehzad)
Director
|
|
|
|
|
|
| Home | About Us | Contact | Information Resources |