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Relief for carpet exporters
KARACHI, April 21: The State Bank of Pakistan has decided to facilitate exporters of hand-knotted carpets by easing conditions for availing concessional loans under the Export Finance Scheme (EFS).
It has been decided to revise the existing requirement of shipment for exporters of hand-knotted carpets for 2007-08 from 70pc to 60pc of average loans taken from July 2007 till date.
“The exporters of hand- knotted carpets will be eligible for roll over of the refinance facility under Part- II in case they show 60pc of shipment,” said a circular issued by the SBP on Monday.
Further, the performance requirement of hand-knotted carpets for FY 2007-08 has also been revised from two times to 1.5 times.
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