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State Bank of Pakistan extends validity of its Refinance Schemes

Karachi, December 05, 2012 (PPI-OT): The State Bank of Pakistan (SBP) has extended the expiry date of the Refinance Facility for Modernization of Small and Medium Enterprises (SMEs), Refinance Scheme for Revitalization of SMEs in Khyber Pakhtunkhwa (KPK), Gilgit-Baltistan (GB) and the Federally Administered Tribal Area (FATA), Financing Facility for Storage of Agricultural Produce (FFSAP), and Agri. Loans Refinancing and Guarantee Scheme for War Affected Areas of KPK and FATA by one year. These facilities / schemes will now remain valid up to December 31, 2013.

Refinance limits already sanctioned in favour of selected banks/Development Financial Institutions (DFIs) under the above mentioned schemes / facilities will also continue to be available up to the expiry date of December 31, 2013, the State Bank announced in a series of circulars issued today.

Banks/DFIs can also apply for enhancement of limits after utilization of their existing limits. Further, other interested banks/Development Finance Institutions, may also apply to IH and SME Finance Department of SBP for sanctioning of fresh limits under these facilities / schemes, the circulars added.

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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