ANNOUNCEMENT 16 Mar 2009In March 2009, the government of Pakistan announced a change in financial export support.
NUMBER OF INTERVENTIONS
SME Finance Department Circular No. 07 of 2009
On 16 March 2009, the State Bank of Pakistan issued Circular No. 07 (2009) notifying the inclusion of the Furniture and Pharmaceuticals sector in the list of sectors eligible under the Long Term Financing Facility (LTFF) for Plant & Machinery. Under the facility, banks provide long term credit for purchase of new imported/locally manufactured plant, 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