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

Vietnam's textile-garment export turnover $16 bn in H1 '18

Apparel/Garments | On 19th Jul 2018

Vietnam's textile-garment export turnover $16 bn in H1 '18

Vietnam is among the world's five biggest textile exporters and...

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search