Payment of 2nd Installment of Export Finance Mark-Up Rate Facility & Mark-Up Rate Support for Textile Sector Against Long Term Loans –For the Period 0

Payment of 2^nd Installment of Export Finance Mark-Up Rate Facility & Mark-Up Rate Support for Textile Sector Against Long Term Loans –For the Period 01-03-2010 to 31-08-2010

Dear Sir,

We are pleased to inform you that State Bank of Pakistan has issued IH&SMEFD Circular Letter No. 09 of 2011 dated May 20, 2011 on the subject mentioned above (copy attached) in connection with Ministry of Textile Industry Notifications No.3(2)TID/09-P-I and No.3(3)TID/09-P-I both dated 1^st September 2009 relating to Textile Policy (2009-14) initiatives.

It is to be noted that no claim of 40% of total subsidy for Six Months ending 31^st August 2010 of Export Finance Mark-up Rate Facility shall be entertained after 15^th June 2011 by the State Bank of Pakistan.

Member Mills are requested to expedite in filing their claims (as per claim forms attached with SMEFD Circular Nos. 03 & 04 dated March 22, 2011 regarding Markup Rate Facilities for the Textile Sector) alongwith an attested copy of Ministry of Textile Industry’s Registration Certificate to their respective banks/DFIs so that your claims be entertained by the Stat Bank of Pakistan.