SBP extends validity of refinance schemes by one year

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State Bank of Pakistan (SBP) Thursday extended the expiry date of the refinance facility for modernisation of Small and Medium Enterprises (SMEs), refinance scheme for the revitalization of SMEs in Khyber Pakhtunkhwa (KPK), Gilgit-Baltistan (GB) and the Federally Administered Tribal Areas (FATA). The central bank also extended the expiration of SBP’s financing facilities for storage of agricultural produce and agri. loans refinancing and guarantee scheme for war-affected areas of KPK and FATA by one year. These facilities would now remain valid up to December 31 next year, the central bank said in a series of circulars issued Thursday. The refinance limits already sanctioned in favor of selected banks and the Development Financial Institutions (DFIs) under the above-mentioned schemes would also continue to be available up to the expiry date, SBPsaid.