SBP extends expiry date of FFSAP, SMEs modernization refinance

Karachi: State Bank of Pakistan with reference to IH&SMEFD Circular Letter Nos. 15 & 16 dated December 05, 2012 regarding extension in validity period of above facilities, 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.

A SBP circular here Tuesday said 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&SME Finance Department for sanctioning of fresh limits under the Facilities. Other instructions on the subject shall remain unchanged.

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