Circulars/Notifications / Infrastructure, Housing & SME Finance Department  


 SMEFD Circular Letter No. 15 of 2009
November 10, 2009 

The Presidents/CEOs,
All Banks

Dear Sirs/Madam,

FINANCING FACILITIES TO FLOUR MILLS

        Please refer to SMEFD Circular No.03 dated 30-01-2009 on the above noted subject.

2. In this connection, it is advised that instructions contained in above referred circular have been withdrawn with immediate effect. Therefore, now banks are free to extend financing facilities to the private sector for procurement of wheat, keeping in view their lending policies, business consideration, risk profile of the borrowers and compliance with SBP regulations.

Please acknowledge receipt.

Yours faithfully,



(Mansoor H. Siddiqui)
Director


       
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