1- To protect, promote and develop Pakistan Leather Garments Industry & Allied Industry.
2- To consider and deal with all questions and matters concerning the manufacture of Leather Garments & Allied industry, and the trade and commerce in Leather Garments, of its members and devise ways and means to overcome difficulties or problems arising therein.
3- To make representations to Federal or Provincial Governments, Local Bodies or any other bodies / departments on the grievances and demands on behalf of the members of the Association.
4- To collect, maintain and distribute or supply such statistics, data and other information necessary for the uplift of the tanning and Leather made-ups Industry through letters, circulars, periodicals and press publicity.
5- To organize local or international Fairs & Exhibitions to help the manufacturers of Leather Garments and related products and to get benefit out of it.
6- To establish and promote contacts in foreign countries and develop trade relations with them in order to popularize the Leather Products of Pakistan.
7- To procure from and communicate with any organization, trade and industry in Pakistan or abroad such information as may seem conducive to the attainment of the objectives of the Association.
8- To setup Research Institute for the development of Leather Garments & allied trade & Industry including the use and production of indigenous materials to make the country, as far as possible, self-sufficient and to take measures for the development of the Leather Garment & allied industry and for boosting the exports.
9- To establish and run appropriate organization for inspecting and certifying the quality of Leather Garments & allied products intended for export.
10- To set up organization or organizations to render specific service to members or non-members on payment of such fees as may be decided from time to time.
SMEFD Circular No. 15 of 2009 October 31, 2009
The Presidents/ CEOs,
Dear Sirs /Madam, Revision of Financing Rates under the Export Finance Scheme (EFS) Please refer to SME &MFD Circular No. 22 dated November 30, 2006 and SMEFD Circular No. 06 dated March 09, 2009 along-with other instructions issued from time to time on the captioned subject.
2. It has been decided that rate of refinance under the Export Finance Scheme applicable for the month of November, 2009 and onward till further instructions shall be 7% p.a. The commercial banks shall ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export Finance Scheme, their maximum margin / spread does not exceed 1% p.a.
3. The financing facilities under Part-B (Export Sales) of the Scheme for financing Locally Manufactured Machinery shall also attract similar mark up rate structure.
4. Based on the above revision of rate, following benefit will be allowed to exporters based on their export performance against borrowing from SBP under Part-II of EFS as per procedure laid down in SMEFD Circular No. 06 dated March 09, 2009:-
Performance Mark-up Rate Reimbursement Benefit Requirement for Borrower to Borrower 2.00 to 3.00 times 8% p.a. (Standard EFS Rate) Nil
3.01 to 4.00 times 7.5% p.a. 0.5%
4.01 to 5.00 times 7% p.a. 1%
Above 5.0 times 6.5% p.a. 1.5%
5. Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.
(Mansoor H. Siddiqui)