July 1, 2003	Tuesday	Rabi-us-Sani 30, 1424

KARACHI, June 30: Exporters will continue to get export finance from banks at 3.5 per cent in July as the State Bank has left its export refinance rate unchanged at two per cent.

The weighted average yield of six-month treasury bills serves as the benchmark for export refinance rate and banks offer export financing at a rate 1.5 per cent over the export refinance rate.

A circular issued by the State Bank on Monday said that the financing facilities under part B of the export finance scheme for financing locally manufactured machinery shall also attract similar mark-up rate structure.