Financing Soda Ash plant, machinery under LTFF allowed

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KARACHI: State Bank of Pakistan (SBP) has allowed banks/Development Finance Institutions (DFIs) to provide financing facilities for new imported and locally manufactured plant, machinery and equipment to be used by the Export Oriented Projects for producing Soda Ash under the Long Term Financing Facility (LTFF) for Plant and Machinery. Soda Ash has been included in the list of Sectors/Sub-Sectors eligible under the LTFF for Plant and Machinery, said IH&SMEFD circular letter 10 issued to the presidents/chief executive officers of all banks/DFIs on Thursday.

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