As you are aware that a number of amendments
have so far been made in the Long Term Financing
Facility (LTFF) for Plant & Machinery,
which was initially circulated vide MFD
Circular No. 07 dated December 31, 2007.
In order to facilitate the stakeholders,
State Bank of Pakistan has consolidated
all the instructions under LTFF in the form
of a master circular. To streamline the
procedure for financing to the new projects
/ BMR of existing projects under LTFF, a
standardized mechanism to monitor the required
exports of existing as well as new projects
has also been prescribed therein.
2. Financing under the LTFF shall continue
to be available at the mark up rates, circulated
vide IH&SMEFD Circular No 10 dated July
31, 2015 read with IH&SMEFD Circular
No. 18 dated October 30, 2015.
3. Copies of updated & consolidated
instructions on LTFF and prescribed documents
are enclosed as annexures to this Circular.
The same have also been placed on the State
Bank’s website www.sbp.org.pk.
Instructions on LTFF