The State Bank of Pakistan (SBP) has announced to extend limits sanctioned under Long-Term Financing Facility/Islamic Long-Term Financing Facility (LTFF/ILTFF) till fresh limits for FY 2018-19.
LTFF limits sanctioned in favour of banks/DFIs for the year 2017-18 are due to expire on 30-06-2018. In order to ensure that financing facilities are available to borrowers till finalization of new limits under LTFF for the financial year 2018-19, SBP has decided to continue the existing limits till fresh limits for FY 2018-19 are notified.
Further, banks are advised to furnish the limit requirements for FY 2018-19 under LTFF/ILTFF, latest by June 25, 2018 to enable us to finalize limits under LTFF/ILTFF for FY 2018-19.
Banks have also been asked to submit limits request, which should be duly supported by borrower-wise details of cases being sanctioned, application(s) in process / details of LCs established and their expected date(s) of retirement.
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