IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 12 Nov 2008 | Removal date: open ended
Still in force

Trade finance

 On 12 November 2008, the State Bank of Pakistan amended the Long Term Financing Facility (LTFF) thereby providing 100% refinancing to the Participating Financial Institutions (PFIs) for credit extended to exporters. Under the original policy, the refinancing limit was set at 70%.

The LTFF was announced in 2007 to provide long term local currency financing for imported and locally manufactured plant & machinery used for certain export oriented projects. The participating companies must have annual exports of at least USD 5 million or at least 50% of their sales, whichever is lower.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries

AFFECTED COUNTRIES

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