Cooperation: Central bank extends export facility

SBP said requests of banks for limits under Export Finance Scheme and Islamic Export Refinance Scheme for year 2012-13

KARACHI:

Export refinance limits sanctioned in favour of banks for year 2011-12 are due to expire on June 30, 2012, warned the central bank in a statement on Friday. Under the present system, exporters are required to submit EE-1 statement for year 2011-12 duly verified by State Bank of Pakistan’s Foreign Exchange Operations Department latest by August 31, 2012.

SBP circular Friday said requests of banks for limits under Export Finance Scheme and Islamic Export Refinance Scheme for year 2012-13 may be submitted to SBP separately up to June 29, 2012 to enable central bank to finalise limits for year 2012-13.

Published In The Express Tribune, June 23^rd, 2012.