Area
Pakistan
Commodity Group
Rice
Commodity
All
Date
20/03/2020
Policy Category
Trade
Policy Instrument
Finance and Credit Facilities
Description
Relaxed export performance requirements set out under the Export Finance Scheme, as well eligibility conditions for the Long-term Financing Facility (LTFF), in order to assist exporters cope with demand reductions resulting from the COVID-19 pandemic. In addition, banks would be permitted to extend deadlines for the realization of export proceeds from 180 to 270 days, in order to allow buyers more time to complete payments of Pakistani goods during the pandemic.
