The State Bank of Pakistan (SBP* has decided to allow one-time opportunity to textile sector units to refinance their outstanding fixed-term loans availed from banks/DFIs for import of plant and machinery with loans under SBP’s Long-Term Financing for Export Oriented Projects (LTF-EOP) Scheme. The decision has been taken tc facilitate the export-oriented industry to overcome the prevailing crisis and to remain competitive in the world market. According to parameters set by the SBP for this scheme, only those fixed term loans of textile sector will be eligible for refinance, under the LTF-EOP Scheme, which had been obtained, or after January 1, 2003. No loan disbursed prior to January 1, 2003 will be refinanced under this scheme. For this scheme, textile sector will not include spinning units. However, only six processes/sub-sectors of spinning sector, viz doubling, twisting, combing, slubbing, lycra & yarn dyeing exclusively will be eligible.