SBP Jacks Up Mark-Up Rates by 2.5% on EFS
State Bank of Pakistan has jacked up the mark-up rates financing under Export Finance Scheme (EFS) by 2.5 percent in line with the increase in policy rate announced in the monetary policy meeting.
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Accordingly, the markup for Export Finance Scheme (both Part I and Part II) will be 5.5 percent p.a. with effect from April 8, 2022 till further instructions.
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With this development, the cost of input will go up for exportable sectors particularly textile and allied sectors.
Banks’ spread for corporate borrowers and SME borrowers will remain unchanged i.e. 1 percent and 2 percent respectively.
Also Read: Monetary Policy Statement
This revision in rates will not be applicable on financing under the Rupee-based discounting facility of EFS, according to SBP’s circular.
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