KARACHI (February 25, 2011): The State Bank of Pakistan on Thursday announced that the offices of
SBP-BSC (Bank) would release Export Finance Mark up Rate Facility to the extent of 8 percent of total
claims against the cases, which have been found in order and where 92 percent reimbursement has already
been made to the banks under the scheme.
Banks should immediately pass on this additional reimbursement to the concerned exporters, says SMEFD
Circular Letter No 07 of 24th February, 2011 issued to the Presidents/CEOs of all banks. It may be pointed
out that the Ministry of Textile Industry has released budgetary allocation for FY 2010-11 to release up-to 8
percent un-paid Export Finance Mark-up Rate Facility for the period from 1st September, 2009 to 28th
February, 2010.
