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Extension in the Validity of Financing Facility for Storage of Agricultural Produce and Refinance Facility for Modernization of Small and Medium Enterprises

Karachi, February 04, 2014 (PPI-OT): Please refer IH and SMEFD Circular Letter Nos. 15 and 16 dated December 05, 2012 regarding extension in validity period of above Facilities.

2. In this connection it is advised that State Bank of Pakistan has extended expiry dates of the “Financing Facility for Storage of Agricultural Produce (FFSAP)” and “Refinance Facility for Modernization of SMEs”. These facilities will be available till further instructions in this regard.

3. Refinance limits already sanctioned in favour of selected banks/DFIs under above Facilities will also continue to be available till further instructions. They can also apply for enhancement of limits after utilization of their existing limits. Further, other interested banks/DFIs, may also apply to IH and SME Finance Department for sanctioning of fresh limits under the Facilities.

4. Other instructions on the subject shall remain unchanged.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

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