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

New Investment for traditional Myanmar textiles, weavers

Textiles | On 21st Oct 2018

New Investment for traditional Myanmar textiles, weavers

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility,...

Pak knitwear exporters plan environmental compliance

Textiles | On 21st Oct 2018

Pak knitwear exporters plan environmental compliance

Pakistani manufacturers and exporters of knitwear garments have...

Courtesy: Hyosung

Textiles | On 21st Oct 2018

Hyosung converting spandex plants into smart factories

Hyosung TNC, the textile and trading unit arm of Hyosung, is...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Erik Sy,

Erik Sy

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

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


October 2018

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

news category


Related Categories:

Advanced Search