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Furniture and pharmaceutical sectors: SBP extends long-term financing facility - LahoreEstate - 03-17-2009 08:26 AM
RECORDER REPORT
KARACHI (March 17 2009): The State Bank of Pakistan has extended long-term financing facility (LTFF) for plant and machinery, furniture and pharmaceutical sector. The SBP on Monday, with reference to MFD Circular No 07 dated December 31, 2007, advised the banks and DFIs that henceforth financing for plant, machinery & equipment, to be used by the export-oriented projects in furniture and pharmaceutical sectors for producing exportable goods shall also be eligible under the LTTF Scheme.
All other instructions issued on the subject will remain unchanged.
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