State Bank Long Term Financing Facility LTFF Scheme

Karachi: State Bank of Pakistan SBP Monday announced that plant and machinery used in export oriented projects for producing packaging material exclusively used in packaging/ preservation of food items are also eligible for refinance under Long Term Financing Facility LTFF Scheme, says IH&SMEFD Circular Letter No.12 of June 27, 2011.

Accordingly, Para 3 of Development Categories of list of Sectors eligible for refinance under the LTFF Scheme, circulated vide MFD Circular No. 07 dated December 31, 2007 has been amended as under: Fruits/ Vegetable & Processing, Cereals. (Plant & machinery used for setting up of units for purpose of preservations/ packaging/ canning of fruits/ vegetables & producing cereals as well as plant & machinery required for producing material exclusively used in packaging/ preservation of food items).

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