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Wednesday, July 20, 2011

Long Term Financing Facility (LTFF) - Re-fixation of Rates of Service Charges Dear Sir, State Bank of Pakistan vide SMEFD Circular No. 06 of 20

Long Term Financing Facility (LTFF) -
Re-fixation of Rates of Service Charges

Dear Sir,

State Bank of Pakistan vide SMEFD Circular No. 06 of 2011 dated July 01, 2011 on the subject matter (copy attached) has re-fixed the rates of service charges for Participating Financial Institutions (PFIs) and rates for end users under the captioned Scheme which is effective from 1st July 2011 as under:

Period of financing

Rate of Refinance

PFIs’ Spread

End User’s Rate

Up-to 3 years

11.00%

1.50%

12.50%

Over 3 years and upto 5 years

10.10%

2.50%

12.60%

Over 5 years and upto 10 years

9.70%

3.00%

12.70%

Other instructions on the subject scheme shall remain unchanged

This is for the record and information of Member Mills

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