SBP releases mark-up rate for businesses in KP, tribal area

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State Bank of Pakistan (SBP) on Wednesday announced the release of fourth installment of mark-up rate subsidy on business loans for the period of six months, ending on 31st December (2011), under Prime Minister’s Fiscal Relief Package to rehabilitate economic life in Khyber Pakhtunkhwa, Federally Administered Tribal Area (FATA) and Provincially Administered Tribal Area (PATA). Duly completed claims may be submitted by the banks at SBP-BSC (Bank), Peshawar, for reimbursement of mark-up rate subsidy, for the period from July 01 to December 31, 2011, on prescribed claim forms, separately for textile and other eligible sectors.