Stronger Monitoring: Export finance scheme amended

KARACHI: The State Bank of Pakistan (SBP) has said that in order to strengthen monitoring mechanism for finances provided under the Export Finance Scheme (EFS), it has amended EF-1 and EE-1 statements with immediate effect. In a circular issued on Thursday, SBP advised banks to immediately circulate the revised formats to their branches and provide a copy to their clients as well.

Published in The Express Tribune, July 1^st, 2011.