Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 IH&SMEFD Circular Letter No. 02 of 2014
February 04, 2014

The Presidents/ Chief Executives,
All Banks/DFIs

Dear Sirs/ Madams,

Extension in the Validity of Financing Facility for Storage of Agricultural
Produce (FFSAP) and Refinance Facility for Modernization of SMEs

Please refer IH&SMEFD Circular Letter Nos. 15 & 16 dated December 05, 2012 regarding extension in validity period of above Facilities.

2. 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.

3. 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 .

4. Other instructions on the subject shall remain unchanged.

Yours faithfully,


(Muhammad Ishfaq)
Senior Joint Director

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