KARACHI, July 30: The State Bank said on Saturday it would keep export refinance rate unchanged at 7.5 per cent in August. Hence, the maximum rate at which banks will offer export finance will also remain unchanged at 9 per cent during that month.
Banks are allowed to keep 1.5 per cent spread over the export refinance rate while pricing export loans. What has helped the SBP keep the export refinance rate intact is the stability in July in treasury bills yields to which the refinance rate is linked.
