Banks have so far received no directions from the State Bank of Pakistan (SBP) on Long Term Finance (LTF) facility, as envisaged in the first ever five year textile policy and notified through an SRO by the federal government.
A delay in passing on directions from the SBP to the banking industry is irritating the textile industry waiting for an early resolution of their longstanding issues. Sources in the industry maintained that the SBP was delaying directions on LTF facility because of the shortage of funds.
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