SBP allows financing to dairy sector under LTFF

[Salman]

SBP allows financing to dairy sector under LTFF

KARACHI: The State Bank of Pakistan (SBP) has allowed banks/Development Finance Institutions (DFIs) to provide financing to dairy sector under the Long Term Financing Facility (LTFF) for Plant and Machinery.

It is advised the dairy sector has also been included in the list of sectors/sub-sectors eligible under the LTFF for Plant and Machinery, according to a SBP circular letter. Banks/DFIs can also provide financing facilities for new imported and locally manufactured plant, machinery and equipment to be used by the Export Oriented Projects for storage, chilling, processing and packaging of dairy products including machinery used in the conversion/preservation of milk into powdered form, keeping in view the terms and conditions of this facility, the circular added