SBP lowered export refinance rates – Alfalah Securities Limited

Karachi, January 02, 2013 (PPI-OT): State Bank of Pakistan (SBP) has reduced the rate of refinance under the Export Finance Scheme (EFS) by 0.2% to 8.3% p.a. applicable from January 1, 2013 where exporters will get the financing facility from bank at 9.3%.

According to Alfalah Securities Limited, the service charges under Long Term Financing Facility (LTFF) have been reduced by 0.70% for financing up to 3 years and by 0.20% for financing up to 5 years. However, the service charges for financing up to 10 years have been raised by 0.20%.

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