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Exporters get one-year grace for loan payment

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Exporters have been demanding extension of payment, saying a slowdown in business activities and a liquidity crunch had put them in a difficult situation. The State Bank of Pakistan (SBP) announced on Thursday a Rs.12.000 billion plan to help borrowers of the export financing scheme, deferring payment of their loans for one year.

Salient features of the plan are as follows;

Ref: Business Recorder dated 22-01-09

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posted @ 11:43 AM,

3 Comments:

At January 24, 2009 at 2:20 PM, Anonymous Anonymous said...

Can any one confirm that this deferrement will be settled by extending the total tenor or double instalments will be taken after this grace period?

 
At January 24, 2009 at 2:42 PM, Anonymous Mubeshir said...

Right now commerical banks didn't get any information about the mechanics of said defferment. But it seems like that tenore or the loan will be extended.

 
At January 16, 2015 at 3:34 PM, Blogger Unknown said...

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