Home / Knowledge / News / Textiles / SBP advises banks to forward textile exporters' claims
SBP advises banks to forward textile exporters' claims
Mar '13
The State Bank of Pakistan (SBP) has advised all banks/DFIs to forward the claims of textile exporters to the concerned offices of SBP-Banking Services Corporation (BSC) for the release of 22% Export Finance Mark up Rate Facility of second installment [from 1st March to 31st August, 2010] along-with copies of valid registration certificates of Ministry of Textile Industry (MINTEX) after verifying the validity of the same from the link: http://www.rdacell.com/registration/Statistics.aspx up-to April 15, 2013.

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

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search