New initiative to help Pakistani textile produce - sportstextiles: Lea SportsTextiles

News

New initiative to help Pakistani textile producers

26/01/2009

The State Bank of Pakistan (SBP) has introduced a one-year delay on loans that come under the Long Term Financing Facility (LTFF) scheme. This follows a demand from Dr Mirza Ikhtiar Baig, federal advisor for the textile industry, on behalf of the export-oriented industry.

It is estimated that almost Pr11.8 billion ($149.4 million) that was due for repayment in the next year will be postponed.

The moratorium will only be valid until March 31.




Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.