Regulatory Alerts2017-08-17
Added · Updated
FEPD Circular No. 32: Green Transformation Fund for export oriented textile & textile products and leather manufacturing industries
The document reduces the interest rate charged to Authorized Dealers for loans under the Green Transformation Fund from six-month USD LIBOR plus 2.25 percent to six-month USD LIBOR plus 1.00 percent. Authorized Dealers must determine their own loan interest rates to borrowers by covering their cost of borrowing from the Fund and operational expenses, plus a reasonable risk-adjusted spread and profit margin typically expected to be in the range of 1.00 to 2.00 percent above the cost of borrowing. This revised rate applies from the date of the circular, while other instructions in this context remain unchanged.
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