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.