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PAKISTAN LEAVES EXPORT REFINANCE RATE UNCHANGED AT 8%.

AsiaPulse News

| July 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KARACHI, July 1 Asia Pulse - The export refinance rate under Export Finance Scheme remains unchanged at eight per cent per annum for July, according to a circular of State Bank of Pakistan here on Friday.

The central bank has kept the export finance rate unchanged at 6.5 per cent while banks would charge 1.5 per cent for further finance facility to exporters, the circular said.

It has been decided that rate of refinance under the Export Finance Scheme notified vide our BPD Circular No. 04 dated March 30, 2002 i.e. 6.5 per cent per annum shall continue to be applicable during the ...

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Source: HighBeam Research, PAKISTAN LEAVES EXPORT REFINANCE RATE UNCHANGED AT 8%.

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