ayment of Pending / Outstanding Claims of Export Finance Mark-Up Rate Facility and Mark-up Rate Support for Textile Sector Against Long Term Loans –For the Period 01-09-09 to 28-02-2010
We are pleased to inform you that State Bank of Pakistan has issued SMEFD Circular Letter No. 14 of 2010 dated December 22, 2010 on the subject mentioned above (copy attached) in connection with Ministry of Textile Industry Notifications No.3(2)TID/09-P-I and No.3(3)TID/09-P-I both dated 1st September 2009 relating to Textile Policy (2009-14) initiatives.
It is to be noted that no claim of 32% out of remaining 40% for Six Months ending 28th February 2010 of Export Finance Mark-up Rate Facility shall be entertained after 20 working days by the State Bank of Pakistan.
Member Mills are requested to expedite in filing their claims to their respective banks/DFIs so that your claims be entertained by the Stat Bank of Pakistan.
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