SBP has announced to extend the refinance limits sanctioned by banks to individual exporters under Export Finance Scheme (EFS) for seven months i.e. up to 31st Jan’21. Export refinance limits sanctioned in favour of banks for the year 2019-20 are due to expire on 30th Jun’20. Further, the entitlement for the exporters to borrow under EFS /Islamic Export Refinance Scheme (IERS) Part-II is determined for each year on the basis of export performance, which is prepared by bank/exporter and verified by the Foreign Exchange Operations Department (FEOD) of SBP.
27/6/2020