KARACHI, Oct 10: The State Bank of Pakistan (SBP) has modified procedure for export finance scheme for refinance amount.
According to SBP circular issued here on Wednesday, the amount of refinance not provided by the SBP (i.e., component of the export credit provided by the banks under the scheme @ 7.5pc from their own sources) would be deducted from the Total Time and Demand Liabilities (TDL) determined for the purpose of computation of both Cash Reserve Requirement (CRR) and Statutory Liquidity Requirement (SLR).—APP
