AreaPakistan

Commodity GroupRice

CommodityAll

Date20/03/2020

Policy CategoryTrade

Policy InstrumentFinance and Credit Facilities

DescriptionRelaxed 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.