The State Bank of Pakistan (SBP) on Monday announced that plant and machinery used in the export-oriented projects for producing packaging material exclusively used in packaging/preservation of food items are also eligible for refinance under the Long Term Financing Facility (LTFF) Scheme, says IH&SMEFD Circular Letter No 12 of June 27, 2011.
Accordingly, Para 3 of Development Categories of the list of Sectors eligible for refinance under the LTFF Scheme, circulated vide MFD Circular No 07 dated December 31, 2007 has been amended as under:
-- Fruits/Vegetable & Processing, Cereals. (Plant & machinery used for setting up of units for the purpose of preservations/packaging/canning of fruits/vegetables & producing cereals as well as plant & machinery required for producing material exclusively used in packaging/preservation of food items).
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