IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Jun 2009 | Removal date: 31 Dec 2009
Still in force

Import incentive

On 8 June 2009, the State Bank of Pakistan (SBP) allowed all export-oriented projects to get financing for imports of generators/captive power plants under the Long Term Financing Facility (LTFF) even though the project might not be eligible under the original LTFF scheme. The following additional conditions apply - 
 

  • the capacity of the generator/captive plower plant should not be greater than that required for manufacturing of the products
  • refinancing is provided by the SBP to the banks up to 50% of the cost of import, as opposed to 100% for other projects
  • this facility is available for all Letter of Credits (LCs) signed after 1 January 2008 and to be retired between 1 January and 31 December 2009. 
  • the minimum exports of the concerned projects should be at least 50% of the sales

 
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 that have annual exports of at least USD 5 million or at least 50% of the 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

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

431 Engines & turbines & parts
8406 Steam turbines and other vapour turbines.
840681 Of an output exceeding 40 MW
840682 Of an output not exceeding 40 MW
840690 Parts
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8412 Other engines and motors.
841280 Other
841290 Parts
461 Electric motors, generators & transformers; parts
8501 Electric motors and generators (excluding generating sets).
850110 Motors of an output not exceeding 37.5 W
850120 Universal AC/DC motors of an output exceeding 37.5 W
850140 Other AC motors, singlephase
850152 Of an output exceeding 750 W but not exceeding 75 kW
850153 Of an output exceeding 75 kW
850161 Of an output not exceeding 75 kVA
850164 Of an output exceeding 750 kVA
8502 Electric generating sets and rotary converters.
850211 Of an output not exceeding 75 kVA
850212 Of an output exceeding 75 kVA but not exceeding 375 kVA
850213 Of an output exceeding 375 kVA
850220 Generating sets with sparkignition internal combustion piston engines
850239 Other
8503 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
850300 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
8504 Electrical transformers, static converters (for example, rectifiers) and inductors.
850410 Ballasts for discharge lamps or tubes
850421 Having a power handling capacity not exceeding 650 kVA
850422 Having a power handling capacity exceeding 650 kVA but not exceeding 10,000 kVA
850423 Having a power handling capacity exceeding 10,000 kVA
850431 Having a power handling capacity not exceeding 1 kVA
850432 Having a power handling capacity exceeding 1 kVA but not exceeding 16 kVA
850433 Having a power handling capacity exceeding 16 kVA but not exceeding 500 kVA
850434 Having a power handling capacity exceeding 500 kVA
850440 Static converters
850450 Other inductors
850490 Parts
462 Electricity distribution & control apparatus; parts
8535 Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, fuses, lightning arresters, voltage limiters, surge suppressors, plugs and other connectors, junction boxe
853521 For a voltage of less than 72.5 kV
853529 Other
853530 Isolating switches and makeandbreak switches
853540 Lightning arresters, voltage limiters and surge suppressors
853590 Other
8536 Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, relays, fuses, surge suppressors, plugs, sockets, lampholders and other connectors, junction boxes), for
853620 Automatic circuit breakers
853649 Other
853650 Other switches
853669 Other
853670 Connectors for optical fibres, optical fibre bundles or cables
853690 Other apparatus
8537 Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus of heading 85.35 or 85.36, for electric control or the distribution of electricity, including those incorporating instruments or apparatus of Chapter 90, and nu
853710 For a voltage not exceeding 1,000 V
853720 For a voltage exceeding 1,000 V
8538 Parts suitable for use solely or principally with the apparatus of heading 85.35, 85.36 or 85.37.
853810 Boards, panels, consoles, desks, cabinets and other bases for the goods of heading 85.37, not equipped with their apparatus
853890 Other
464 Accumulators, primary cells & primary batteries; parts
8506 Primary cells and primary batteries.
850610 Manganese dioxide
850680 Other primary cells and primary batteries
8507 Electric accumulators, including separators therefor, whether or not rectangular (including square).
850720 Other leadacid accumulators
850790 Parts
471 Electronic valves & tubes; electronic components; parts
8532 Electrical capacitors, fixed, variable or adjustable (preset).
853229 Other
853290 Parts
8534 Printed circuits.
853400 Printed circuits.

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