It would also be available to exporters of locally manufactured machinery and such machinery and goods supplied locally against international tenders as well as to international agencies based in Pakistan.
It would encompass the relief activities in the country or elsewhere in the region, provided the payments are received in foreign currency.
The Export Finance Scheme, which has been in operation since 1973, is a major source of banks'' credit to exporters. With a view to simplify its procedures for exporters and the banks, the EFS has witnessed various modifications over the years.
The draft of the new Export Finance Scheme has been also placed on the SBP website www.sbp.org.pk. The State Bank has solicited suggestions, views, comments and feedback from all stakeholders, particularly the bankers and exporters.
Suggestions/views/comments/feedback on the draft of the new Export Finance Scheme may be sent directly to Director, Small & Medium Enterprises Department, State Bank of Pakistan, Karachi, through surface mail, fax (021-9212567) or e-mail ([email protected]) latest by November 25, 2005.