ANNOUNCEMENT 20 Aug 2013

In August 2013, the government of Pakistan announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 20 Aug 2013 | Removal date: open ended
Still in force

Trade finance

 On 20 August 2013, the State Bank of Pakistan (SBP) through Circular No. 3 (2013) introduced the Long Term Financing for the Export Oriented Services Sector to finance purchases of new capital goods.
 
Currently Transportation and Computer & Information Technology are the two sectors eligible to avail this facility. Eligible enterprises need to generate at least 50% of their sales abroad or annual exports greater than USD 5 million, whichever is lower. The loan will be for a maxiumum amount of Rs. 5 billion (USD 83 million) per enterprise with a maximum maturity of 10 years, including a 2 year grace period.
 
 

AFFECTED PRODUCTS

 
N/A