Stronger Monitoring: Export finance scheme amended
it has amended EF-1 and EE-1 statements with immediate effect.
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 1st, 2011.
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 1st, 2011.