Karachi: State Bank of Pakistan (SBP) has introduced incentive for Small and Medium Enterprises to enhance their share under export finance scheme (EFS) said an SBP statement today, reported APP.
According to the statement released, banks can charge a markup rate of two percent, which was previously one percent.
For SMEs the incentives of markup rate is increased to 0.5 percent. All high performing SME borrowers will be able to rebate 0.5 to 1.5 percent points depending on their performance level.
The incentives are applicable from today March 4.
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