SBP extends validity of refinance schemes

Schemes will be available for one more year up to Dec 2013.

KARACHI: The State Bank of Pakistan (SBP) has extended the expiry date of its financing schemes by one year and now they will remain valid up to December next year.

The schemes include Re­finance Facility for Moderni­sation of Small and Medium Enterprises, Refinance Scheme for Revitalisation of SMEs in Khyber-Pakhtunkhwa, Gilgit-Baltistan and Federally Administered Tribal Areas (Fata), Financing Facility for Storage of Agricultural Produce and Agri Loan Refinancing and Guarantee Scheme for War-affected Areas of K-P and Fata, said the SBP in a press release on Wednesday.



Refinance limits already sanctioned in favour of banks and development finance institutions (DFIs) under the above schemes and facilities would continue to be available up to the expiry date of December 31, 2013, it said. The SBP told banks and DFIs they could also apply for enhancement of limits after utilisation of their existing limits. Other interested banks and DFIs may also apply to the central bank for the sanction of fresh limits under the schemes and facilities.

Published in The Express Tribune, December 6^th, 2012.