• About
  • Advertise
  • Contact
Monday, August 15, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

TERF Has been Introduced to Record Financing

byRaiymah Javed Rana
February 11, 2021
in Business, Economy, Finance, Main, New
Reading Time: 1 min read
0
TERF Has been Introduced
146
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

The highest increase of Rs51 billion has been recorded by the Temporary Economic Refinance Facility (TERF) during one week, which ended on January 28. While the total amount has crossed over 374bn.

Moreover, to counter the negative impact of Covid-19 on the economy TERF has been introduced.

RelatedPosts

PM, Saudi crown prince express resolve to strengthen bilateral ties

PSX rises more than 450 points as IMF tranche inches closer

PKR gains Rs3.49 against dollar in interbank

According to State bank of Punjab, the Temporary Economic Refinance faciltiy had shown significant growth over the past 10 months. As shown by the increase in requested Rs36.1 billion by the end of April 2020 to Rs 687.4bn by Jan 28, 2021. While over the same period approved financing has reached Rs374.3bn. Hence, 450 projects have been validated under the similar scheme.

Furthermore, Funding will be provided for the purchase of new imported and locally manufactured plant and machinery for the setting of both startups and existing ventures, as proposed in TERF.

The Plan doesn’t allow the purchases of pre-owned machinery, land or carrying out civil works. According to TERF procurement of new imported and locally manufactured plant and machinery only against LC and inland LC. 

Hence, TERF facility is also permitted by SBP. In circumstances where LCs or Inland LCs were opened earlier but retired after the introduction of the scheme on March 17, 2020.

Tags: budget of pakistanBusinessBusiness VenturesFinanceSBPTemporary Economic Refinance FacilityTERF
Raiymah Javed Rana

Raiymah Javed Rana

Related Posts

PM, Saudi crown prince express resolve to strengthen bilateral ties

PM, Saudi crown prince express resolve to strengthen bilateral ties

Pakistan and Saudi Arabia have acknowledge the resolve to further strengthen their strongly brotherly relations over decades.  The commitment was...

PSX rises more than 450 points as IMF tranche inches closer

PSX rises more than 450 points as IMF tranche inches closer

The Pakistan Stock Exchange (PSX) increased by more than 450 points shortly after trading began on Monday, maintaining its upward...

Next Post
Pakistan Contributing to UN Peacekeeping Mission

Pakistan Contributing to UN Peacekeeping Mission

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

A Pakistani DevOps Community Acquired by UAE-based Tech Firm

A Pakistani DevOps Community Acquired by UAE-based Tech Firm

PM, Saudi crown prince express resolve to strengthen bilateral ties

PM, Saudi crown prince express resolve to strengthen bilateral ties

Pakistan to participate in Mount Everest International Open Taekwondo Championship

Pakistan to participate in Mount Everest International Open Taekwondo Championship

Pak Railways utilizes Rs167 million funds to ensure secure train journey

Pak Railways utilizes Rs167 million funds to ensure secure train journey

Fahad Mustafa becomes honourary SP of Sindh police

Fahad Mustafa becomes honorary SP of Sindh police

Punjab announces free education up to graduation

Punjab announces free education up to graduation

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In