SBP’s Incentive Schemes
 
  Refinance Schemes


Refinance facilities are targeted loans from State Bank of Pakistan (SBP) to support exports and industrial growth with the ultimate objective of promoting overall economic development of the country. Over the years, SBP has introduced special schemes under its refinance window to ensure adequate supply of financing to the value added industries at competitive rates for enhancing their production capacity and meeting working capital requirements. These schemes mainly include Export Finance Scheme (EFS) to ensure short term credit availability for exporters and Long Term Financing Facility (LTFF) for encouraging export led growth on the long term basis. In addition to promoting exports of the country, SBP has also introduced some special medium to long term refinance facilities at subsidized rates for other sectors such as schemes on renewable energy, establishment of silos, warehouses & cold storages for storing agricultural produce and purchase of machinery for SMEs. These schemes are regularly reviewed to effectively achieve the desired objectives.

 A. Export Finance Schemes
a.
Booklet on Export Finance Scheme (EFS)
b.
Procedure for refund of fine under Export Finance Scheme
c.

List of Circulars / Circular Letters of EFS

d.

Markup on Export Finance Scheme

 Markup on EFS-Latest
 Markup on EFS- History
e.

Frequently Asked Questions [EFS]

 
 B. Islamic Export Refinance Scheme (IERS)
a.
IERS –Details of the Scheme
b.

IERS- Eligibility of Government of Pakistan (GoP) Ijara Sukuk in Musharaka Pool

c.

Islamic Export Refinance Scheme Brochure

 
 C. Long Term Financing Schemes
a.
Hand Book on Long Term Financing Schemes 2014
b.
Long Term Financing Facility (LTFF)
c.
Mark up on LTFF
 
Mark up on LTFF-Latest
Mark up on LTFF- History
d.
List of Circulars/ Circular Letters of LTFF
e.
Frequently Asked Questions [LTFF]
   
 D. Islamic Long Term Financing Facility (ILTFF)
a.
ILTFF Circulars
b.
ILTFF- Details of the Scheme
   
E.
Refinance Facility for Modernization of SMEs
F.
Financing Facility for Storage of Agricultural produce (FFSAP)
G.
Revised SBP Financing Scheme for Renewable Energy
H.
Brochures on SBP Refinance Schemes
 
Export Finance Scheme
Long Term Financing Facility (LTFF) for Plant and Machinery
Financing Facility for Modernization of SMEs
Financing Facility for Storage of Agriculture Produce
Revised SBP Financing Scheme for Renewable Energy
 
Revised SBP Financing Scheme for Renewable Energy (Category-I)
Revised SBP Financing Scheme for Renewable Energy (Category-II)
   
 E. Islamic Financing Facility for Renewable Energy (IFRE)
 F. Islamic Financing Facility for Storage of Agricultural Produce (IFFSAP)
 G. Islamic Refinance Facility for Modernization of SMEs (IRFMS)
 
  SME Financing Incentives/Schemes

To promote SME financing in the country by encouraging banks and DFIs to extend outreach of financial services of small enterprises in general and medium enterprises in particular, following credit guarantee schemes have been introduced. There are certain refinance schemes for SMEs as well which can viewed in the section on “Refinance Schemes”.


A.
Credit Guarantee Scheme for Small and Rural Enterprises
 
Instructions of Reporting under CGS SRE
B.
Mark up Subsidy and Guarantee Facility for the Rice Husking Mills in Sindh
C.
Prime Minister’s Youth Business Loans
 
FAQs on Prime Minister’s Youth Business Loans Scheme
   
  Housing Finance Incentives/Schemes
 
A.

Policy for Low Cost Housing Finance

 
Exemptions/Relaxations in Prudential Regulations for Low Cost Housing Finance
Financing Facility for Low Cost Housing for Special Segments
Islamic Financing Facility for Low Cost Housing for Special Segments
Basel Capital Adequacy Framework: Lowering of Risk Weight on Low Cost Housing Finance
Housing Finance – Enhancement of Loan Limits for Microfinance Banks
Banks/DFIs Borrowings from Pakistan Mortgage Refinance Company (PMRC) exempted from maintenance of CRR and SLR
MFBs Borrowings from Pakistan Mortgage Refinance Company (PMRC) exempted from SLR
   
 
 
  Microfinance Schemes
A

Microfinance Credit Guarantee Facility

 
  Agriculture Credit Schemes

SBP developed a credit guarantee scheme, funded by the Federal Government, for small & marginalized farmers which would facilitate flow of credit to small and marginalized farmers who do not have any collateral. The objective of the guarantee scheme is to encourage financial institutions to lend to small farmers who do not have adequate collateral (acceptable to bank) in order to meet their working capital requirements.

To improve access to finance to Livestock & dairy sector and to mitigate risk of loss of livestock due to disease, natural calamities & accidents, SBP, in collaboration with SECP, banks, insurance companies and provincial livestock & dairy departments has developed Livestock Insurance Scheme for borrowers. The Livestock Insurance Scheme is an essential risk mitigating tool encouraging banks to enhance flow of credit to this highly potential and underserved sector.


A
Financing Facilities for Small Farmers
B
Livestock Insurance Scheme for borrowers
 
 
  •  
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    SBP Overnight
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    SBP Overnight
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  •  
    Overnight Weighted Average Repo Rate
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    KIBOR
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    Tenor BID OFFER
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  • MTBs
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    PIBs (Floating Rate)

    Tenor Cut-off Margin
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    Over benchmark rate of latest 6-M W.A MTB Rate.

    (as on May 29, 2019)

  • MTB Auction
    03-July-19

    PIB Auction
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    As on 14-Jun-19
    SBP’s Reserves
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  •  
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    Weighted
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    Offer: 161.4311
       
     
       
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