Home / Knowledge / News / Textiles / Apex bank approves payment of mark-up subsidy
Apex bank approves payment of mark-up subsidy
27
Mar '10
Saleem Raza, Governor of State Bank of Pakistan (SBP) has recently issued Circular No. 03 & 04 of 2010 concerning payment of export refinance mark-up of 2.5 percent to the textile sector, for which Dr. Mirza Ikhtiar Baig, Adviser on Textiles has expressed his gratitude.

The circular has been issued by SBP is in accordance with the notification issued by the Ministry of Textiles on September 1, 2009, in which it approved the disbursal of mark-up assistance on export refinance as well as long term loans for the period September 2009 to February 2010.

Of the total claims raised for those six months, 2.5 percent Export Refinance mark-up subsidy will be provided to extent of 60 percent of the claims, while mark-up on long term loan will be provided to the extent of 70 percent of the claims.

Recently, Dr. Baig once again spoke to SBP's Governor and appealed him to continue the policy of giving LTFF on second-hand textile machinery, which expired on December 31, 2009. The Governor has agreed to this and alongside the Ministry of Textile has also directed all the textile associations to present their probable investment under the scheme.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Fashion | On 24th Feb 2017

Suntchi, CFDA partner to give US designers access to China

Suntchi (Shanghai) Brand & Technology Co Ltd, a full-service...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search