ANNOUNCEMENT 16 Mar 2012In March 2012, the government of Pakistan announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 16 March 2012, the State Bank of Pakistan issued Circular 4 (2012) notifying the inclusion of the dairy sector in the list of sectors eligible under the Long-Term Financing Facility (LTTF) for Plant & Machinery. Under this facility, banks provide long-term loans for the purchase of new machinery and equipment for export-oriented projects in the eligible sectors.
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