 |
|
|
|
 |
| IH&SMEFD
Circular Letter No. 2 of 2020 |
January 28, 2020 |
The Presidents/Chief Executives,
All Banks/DFIs
Dear Sir/Madam,
Long-Term Financing Facility (LTFF)/ Islamic Long Term Financing Facility (ILTFF) for Plant & Machinery - Revised Maximum Financing Limit and Scope of the Facility
Please refer to IH&SMEFD Circular letter No. 02 dated April 25, 2019 read with IH&SMEFD Circular No. 01 dated February 14, 2018 and IH&SMEFD Circular No. 03 dated June 28, 2018 on the captioned subject.
2. With a view to further promote investment in export oriented projects, following measures have been taken with immediate effect:
- Scope of LTFF/ILTFF has been extended to all sectors, which are allowed as per Export Policy Order issued by Ministry of Commerce from time to time.
- Increase in maximum financing limit for a single project under LTFF and ILTFF from Rs. 2,500 million to Rs. 5,000 million will be allowed for:
- New projects; and
- BMR/ upgradation of those projects, where LCs are matured after issuance of this Circular Letter.
3. Other instructions on LTFF/ILTFF shall remain unchanged.
|
Yours sincerely,
-sd-
(Dr. Mian Farooq Haq)
Director
|
|
| |
| |
|
| |
|
|
|