This was stated Nadeem Allahwala, senior vice chairman Faisalabad chamber of commerce and Industry, while addressing a seminar organized by Small and Medium Entrepreneurs Development Authority (SMEDA) in collaboration with State Bank of Pakistan (SBP) and FCCI on Export Refinance Scheme (ERS) and Long Term Financing Facility (LTFF
) here on Saturday.
Under the LTFF
, financial institutions can provide long-term currency finance for imported and locally manufactured plant and machinery to be used in the export-oriented projects.
Under Export Financing Scheme (EFS), the government is to increase credit limit to Rs 400 billion from Rs 226 billion for textile exports and enhance the limit of Long Term Financing Facility (LTFF
) to Rs 200 billion from existing Rs103 billion for investment in the textile sector.
For the upcoming year, the government introduced zero-rating regime, freight support on export of potatoes, reduction in LTFF
and ERF rates, Export Promotion Schemes under Textile Policy and Strategic Trade Policy Framework, tariff restructuring and zero rating of import materials for export sector which will significantly reduce creation of new refund claims.
Highlighting the schemes, she said that SBP has offered 9 financing schemes for SMEs that include Refinance Facility for Modernization of SMEs, Financing Facility for Storage of Agriculture Produce, Financing Scheme for Renewable Energy, Long Term Financing Facility (LTFF
), Islamic Long Term Financing Facility (I-LTFF), Refinance Scheme for Working Capital Financing of Small Enterprises and Low-End Medium Enterprises, Export Finance Scheme, Credit Guarantee Scheme (CGS) for Small and Rural Enterprises and Prime Minister Youth Business Loan Scheme.
KARACHI -- In order to provide Shariah compliant alternative of conventional Long Term Financing Facility (LTFF
) to meet long awaited demand of exporters, State Bank of Pakistan has issued Islamic Long Term Financing Facility (ILTFF) based on Mudarabah.
Panels for block resistance and low temperature film formation (LTFF
) were prepared by drawdown of the coatings onto a Leneta chart at approximately 1.0-2.0 mils DFT.
The policy reduces the bank credit under Long-Term Financing Facility (LTFF
) to nine per cent for three to ten yeas.
Under the facilitation plan the official said drawback for local taxes and levies would be given to exporters of textile products on FOB values of their enhanced exports on an incremental basis if increased beyond 10pc over the last year's exports.Textile industry units in the value added sector would be provided Long Term Financing Facility (LTFF
) for upgradation of technology from State Bank of Pakistan for 310 years duration.It merits to mention here that the knitwear units registered with Pakistan Hosiery Manufacturers and Exporters Association (PHMA) in 2005 were 1174 and 922 units were registered with PHMA during 201314.
Log-Transform Function with Fixed Free Boundary (LTFF
* Financing shall be available through banks approved as Participating Financial Institutions (PFIs) under the Long Term Financing Facility (LTFF