ANNOUNCED AS TEMPORARYNo
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 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
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