SBP formulates scheme for long-term financing for export projects

KARACHI (April 17 2004): The State Bank has formulated a scheme for Long-Term Financing for the Export Orientation Projects (LTF-EOP). The scheme envisages provision of long-term financing for the establishment of the export-oriented projects and for the import of new machinery.

The exporters have been consulted before the scheme and the industrialists said that the new scheme would be widely welcomed by the exporters.

In order to seek input from the stakeholders, the draft of the scheme along with its form etc has been placed on the SBP website.

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