Exporters would get a hefty amount of PKR358bn (EUR3.3bn) at the rate of 7.5pc under the export finance scheme (EFS) during the fiscal year 2009.
According to the State Bank of Pakistan funds amounting to PKR358bn (EUR 3.3bn) will be available to exporters for export of products eligible under the EFS during fiscal year 2009.
In order to ensure availability of adequate financing to exporters under the EFS and to assist them in achieving the exports target, the State Bank would allow limits of PKR125bn (EUR1.16bn) to banks under the scheme for the current year which is 25pc higher than the amount outstanding as on June 30.
As loans under the scheme are allowed for 180 days, around Rs250bn (EUR2.33bn) would be provided during the year as refinance from the State Bank at the rate of 7.5pc.
In addition to this, banks would also provide financing facilities to exporters under the scheme from their own sources, to the extent of 30pc , which...
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