HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
Ref. No. PHMA/Cir-002/2020
Dated: 04th January, 2020
To: All Members of the Association (Southern Zone & Northern Zone)
ENHANCEMENT OF BANKS REVOLVING REFINANCE LIMITED UNDER
PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION (PHMA) had approached the Governor of the State Bank of Pakistan to upward revise the sanctioned limits to Banks under the Export Finance Schemes/ Islamic Export Refinance Schemes (IERS) to facilitate the member exporters.
PHMA is pleased to inform the members that subsequent to PHMA's request the State Bank of Pakistan, in order to meet the demand, has allocated additional limits to banks under its Export Finance Schemes/ Islamic Export Refinance Schemes (IERS), where sufficient funds are now available. Please refer attached SBP's self-explanatory letter for your perusal and reference.