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LTFF For Generators and Captive Power Plant and Machinery

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State Bank of Pakistan (SBP) has been decided that financing facilities under LTFF Scheme shall also be available to export oriented units/projects which presently are not eligible under LTFF Scheme for import of generators/captive power plants (including other allied machinery items used to generate electricity) on following terms & conditions;
  1. The capacity of generator/captive power plant shall not be in excess of their in-house energy requirements for the manufacturing of their products.
  2. In case of excess generation capacity, only the proportionate financing up to the manufacturing requirements of the unit/project will be eligible.
  3. Refinancing shall be allowed to the extent of 50% of financing provided by banks/DFIs for import of generators/captive power plants.
  4. Remaining 50% shall be financed by the banks/DFIs from their own sources as per the terms & conditions of financing banks/DFIs agreed with the borrowers concerned.
  5. L/Cs established since January 1, 2008 but retired/to be retired during the period from January 1, 2009 to December 31, 2009 shall be eligible for refinancing under the Scheme.
  6. Minimum exports of the unit/project should be at least 50% of its annual sales.

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