SBP increases markup rate for EFS by 2.5%

MG News | April 07, 2022 at 09:01 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 07, 2022 (MLN): In line with the increase in policy rate announced in the MPC meeting today, the State Bank of Pakistan (SBP) has the markup rate for financing under Export Finance Scheme (EFS), both Part I and Part II by 2.5%.

Accordingly, the new rate of EFS is 5.5% per annum which will be effective from April 08, 2022, till further instructions.

SBP further notified that banks' spread for corporate borrowers and SME borrowers will remain unchanged i.e. 1% and 2% respectively.

This revision in rates will not be applicable to financing under the Rupee-based discounting facility of EFS, the notification added.

Meanwhile, the other instructions on the subject shall remain unchanged.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	173,886.69 195.81M	-0.85% -1493.18
ALLSHR	104,193.90 1,478.56M	-0.79% -830.04
KSE30	50,762.89 101.57M	-1.61% -833.18
KMI30	248,644.12 78.76M	-1.03% -2588.32
KMIALLSHR	67,289.90 391.02M	-0.79% -536.64
BKTi	47,836.07 30.16M	-1.03% -497.73
OGTi	34,437.26 6.66M	-1.07% -371.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,285.00	75,355.00 75,145.00	345.00 0.46%
BRENT CRUDE	92.20	98.43 90.56	-6.12 -6.22%
RICHARDS BAY COAL MONTHLY	126.00	126.00 126.00	-1.00 -0.79%
ROTTERDAM COAL MONTHLY	133.80	133.80 133.80	-0.25 -0.19%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	86.14	86.74 86.11	-0.71 -0.82%
SUGAR #11 WORLD	18.21	18.44 18.18	-0.03 -0.16%