KARACHI - The State Bank of Pakistan (SBP) Thursday said it has reduced the performance requirement for hand-knotted carpets against loans obtained under Part-II of the Export Finance Scheme (EFS) during fiscal year (FY) 2010 -11. It has been decided to fix the required performance for financing facilities availed under EFS Part II during FY 2010-11 at 1.50 times instead of existing performance requirements of 2.0 times for Hand knotted Carpets, said SBP circular. The circular further said entitlement of limits for FY 2011-12 shall, however, continue to be fixed as per existing criteria / instructions, the circular added.