ISLAMABAD: The State Bank of Pakistan has extended expiry dates of the "Financing Facility for Storage of Agricultural Produce (FFSAP)" and "Refinance Facility for Modernization of SMEs" and these facilities would be available till further instructions in this regard.
A circular of the Central Bank issued on Tuesday said that in this connection it is advised that State Bank of Pakistan has extended expiry dates of the "Financing Facility for Storage of Agricultural Produce (FFSAP)" and "Refinance Facility for Modernization of SMEs".
These facilities will be available till further instructions in this regard and the Refinance limits already sanctioned in favour of selected banks/DFIs under above Facilities will also continue to be available till further instructions.
They can also apply for enhancement of limits after utilization of their existing limits.
Further, other interested banks/DFIs, may also apply to IH&SME Finance Department for sanctioning of fresh limits under the Facilities.
It added that other instructions on the subject shall remain unchanged.
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