To: All Members of the Association (Southern Zone)

Ref.No. PHMA Cir-002/2020 Dated: 04th January, 2020

Subject: Circular: STATE BANK OF PAKISTAN HAS ENHANCED REVOLVING REFINANCE LIMITS OF BANKS

Through e-mail

PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi. Tel: 0092-21-34522769, 34522685, 34544765
Fax: 0092-21-34543774, E-mail: info@phmaonline.com 

 

Ref. No. PHMA/Cir-002/2020

Dated: 04^th January, 2020

 

To: All Members of the Association (Southern Zone & Northern Zone)

ENHANCEMENT OF BANKS REVOLVING REFINANCE LIMITED UNDER EFS/IERS
BY STATE BANK OF PAKISTAN

 

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.

 

Best regards

CHAUDHRY SALAMAT ALI
Central Chairman, PHMA