KARACHI (APP) - State Bank of Pakistan has advised banks/DFIs to submit claims for second installment with respect to Fiscal Relief Package of the Government of Pakistan for beneficiaries of textile sector in Khyber Pakhtunkhwa, Federal and Provincial Administered Tribal Areas. According to SBP circular issued on Saturday, the Ministry of Finance has advised SBP to release 2nd installment of the subsidy under the scheme for the period from 01-07-2010 to 31-12-2010 to the beneficiaries of the textile sector. State Bank had already reimbursed 1st installment of mark up rate differential for six months ending on 30th June 2010 following the release of necessary budgetary allocation by the Ministry of Finance. Under the modus operandi of the Scheme the rate of mark up differential for 2nd installment, for six months ending on Dec. 31, 2010 has been worked out at 5.32pc. Accordingly, the Circular added, the banks/DFIs may calculate the amount of mark up differential on outstanding loans of textile sector, on the basis of said rate and keeping in view the terms and conditions contained in above Scheme and submit duly completed claims at SBP-BSC (Bank), Peshawar for reimbursement for the period from 01-07-2010 to 31-12-2010 latest by Feb.15, 2011. Further, it said instructions regarding reimbursement of mark up differential in respect of the beneficiaries of other eligible sectors, for the period from 01-07-2010 to 31-12-2010, shall be issued separately on receipt of necessary instructions/ budgetary allocation from the Ministry of Finance. REMITTANCE CENTRES State Bank of Pakistan has allowed all the banks to open dedicated Home Remittance Payment Centres with immediate effect. This decision has been taken by the State Bank keeping in view the rising trend in the home remittances and their importance for the economy. SBP circular issued on Saturday said that for opening of dedicated Home Remittance Payment Centres, State Bank has decided to enhance the scope of Permanent Booths as given in Para-22 (Chapter-2) of the Branch Licensing Policy (BLP) which was revised in terms of BPRD Circular No.15 of 12th October, 2007. Therefore, the following sub-Para (iv) has been added to para-22 (Chapter 2) of BLP with immediate effect: iv) Payment to Home Remittance beneficiaries via cash, demand draft and pay orders. In addition, such Home Remittance Payment Centers (permanent booths) would also be allowed to perform the functions of Sales and Service Centers as mentioned in Para- 19 of the BLP. All other instructions on the Branch Licensing Policy shall remain unchanged, the Circular added.