The State Bank of Pakistan (SBP) has introduced a new long-term financing facility (LTFF) to promote exports-led industrial growth in the country. The facility is effective from January 1, 2008 and will provide necessary finance to exporters for adoption of new technologies and modernizing their plant and machinery in line with international competitive environment.

The facility will be available to export-oriented projects, with at least 50% of their sales constituting exports, or, an annual exports equivalent of $5 million, whichever is lower.