Pak govt releases funds for textile Mark Up Support scheme

05 Apr '14

1 min read

Pakistan’s Ministry of Textile Industry has released funds to make payments during the current financial year under Export Finance Mark-Up Rate Facility and Mark up Rate Support for Textile Sector against Long Term Loans.

The funds have been released for payment of 100 percent Export Finance Mark-up Rate Facility for the period from September 1, 2010 to February 28, 2011, and for payment of 100 percent Mark up Rate Support for Textile Sector against Long Term Loans for the period from March 1, 2011 to March 31, 2011, a circular letter issued by the State Bank of Pakistan (SBP) said.

Accordingly, the SBP has asked banks and development financial institutions (DFIs) to lodge separate claims for Mark up Supports under above schemes of the Government of Pakistan, for the period mentioned, keeping in view the terms and conditions of each Scheme.

Duly completed claims on prescribed formats are to be submitted at the concerned offices of SBP-BSC (Bank) on or before May 07, 2014.

However, each claim needs to be accompanied with a duly attested copy of valid registration certificate of the Ministry of Textile Industry.

In this regard, the Ministry has also issued the list of textile units registered with it.

Fibre2fashion News Desk - India

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