PM package for KP, Fata and Pata: SBP announces markup rate subsidy for July-Dec

Thursday, December 15th, 2011 6:00:06 by

RECORDER REPORT
KARACHI: The State Bank of Pakistan (SBP) ¬†announced release of fourth installment of mark-up rate subsidy on business loans for the period of six months ending on December 31, 2011 under Prime Minister’s Fiscal Relief Package to rehabilitate the economic life in Khyber Pakhtunkhwa, Federally Administered Tribal Area (FATA) and Provincially Administered Tribal Area (PATA).
Duly completed claims may be submitted by banks at SBP-BSC (Bank), Peshawar, for reimbursement of mark-up rate subsidy for the period from July 1, 2011 to December 31, 2011 on prescribed claim forms, separately for textile sector & other eligible sectors. These claims can be submitted during from January 1 to January 31, 2012, according to IH& SMEFD Circular Letter No.16 of December 14, 2011.
The SBP has informed all banks/development finance institutions (DFIs)/microfinance banks (MFBs) that as per modus operandi of above subsidy scheme the rate of mark-up differential for 4th installment, for six months ending on 31st December 2011, has been worked out at 6.02 percent pa. Accordingly, banks and DFIs may calculate the amount of mark-up rate differential on outstanding business loans of above areas, on the basis of 6.02 percent pa and keeping in view the terms & conditions contained in…
Karachi News Sources

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Short URL: http://karachi.newspakistan.pk/?p=2573

Posted by on Dec 15 2011. Filed under Breaking News, Governance, Latest News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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