KARACHI - The State Bank of Pakistan (SBP) has extended expiry date of Refinance Facility for Modernisation of Small & Medium Enterprises (SMEs), Refinance Scheme for Revitalisation of SMEs in Khyber Pakhtunkhwa (KPK), Gilgit-Baltistan (GB) and the Federally Administered Tribal Area (FATA), Financing Facility for Storage of Agricultural Produce (FFSAP), and Agri. Loans Refinancing & Guarantee Scheme for War Affected Areas of KPK and FATA by one year. These facilities / schemes will now remain valid up to December 31, 2013.

Refinance limits already sanctioned in favour of selected banks/ Development Financial Institutions (DFIs) under the above mentioned schemes / facilities will also continue to be available up to the expiry date of December 31, 2013, the State Bank of Pakistan (SBP) announced in a series of circulars issued on Wednesday.

Banks/ DFIs can also apply for enhancement of limits after utilisation of their existing limits. Further, other interested banks/ Development Finance Institutions, may also apply to IH&SME Finance Department of State Bank of Pakistan (SBP) for sanctioning of fresh limits under these facilities / schemes, the circulars added.