This will enable the offices of SBP-BSC (Bank) to release pending claims for the above mentioned period against the cases which have been found in order and where 78% reimbursement has already been made to the banks under the Scheme.
Further, the banks/DFIs may also lodge subsidy claims for 3rd Installment (from 1st September, 2010 to 28th February, 2011) under Mark up Rate Support for Textile Sector against Long Term Loans, keeping in view the instructions contained in SMEFD Circular No.04 dated March 22, 2010.
Duly completed claims on the prescribed format, along-with copies of valid registration certificates of MINTEX after verifying the validity of the same from the above mentioned link, may be lodged with the concerned offices of SBP-BSC up-to the above mentioned deadline, according to a Circular Letter issued to all banks/DFIs by SBP.
It may be added here that the Ministry of Textile Industry has now released funds to make the payments under the Export Finance Mark-Up Rate Facility and Mark up Rate Support for Textile Sector against Long Term Loans Schemes of the Government of Pakistan. MINTEX has also advised that disbursement be made only to the textile units having approved/valid certificates of MINITEX.
State Bank of Pakistan
Apparel/Garments | On 27th Jun 2017
Vietnam's Ho Chi Minh City will build large centres for designing...
Textiles | On 27th Jun 2017
Unitin, a trademark of Industrias Morera SA and a leading textile...
Bolger & O'Hearn
‘The Indian market is interesting and rather persistent in seeking new...
Every market region has its own culture and trends
‘Blending cultures is the true beauty of fashion, where one’s imagination...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
Textiles | On 26th Jun 2017