ANNOUNCEMENT 20 Jan 2011In January 2011, the government of Pakistan announced a change in financial export support.
NUMBER OF INTERVENTIONS
SMEFD Circular Letter No. 02 of 2011
On 20 January 2011, the State Bank of Pakistan issued Circular No. 02 (2011) notifying the inclusion of the Glass sector in the list of sectors eligible under the Long Term Financing Facility (LTTF) for Plant & Machinery. Under the facility, banks provide long-term credit for the 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