State Bank of Pakistan allows financing to dairy sector under Long Term Financing Facility

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 that the dairy sector has also been included in the list of Sectors/Sub-Sectors eligible under the Long Term Financing Facility (LTFF) for Plant and Machinery, says IH and SMEFD Circular Letter No. 04 of March 16, 2012.

Therefore, 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 Letter 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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