• Download the Constitution of Pakistan
  • Advertise
Saturday, July 26, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

30 pc of Terf Invested in New Projects – Dr Reza Baqir

by Web Desk
March 2, 2021
in Business, Finance
Reading Time: 2 mins read
0
30 pc of Terf Invested in New Projects - Dr Reza Baqir
Share on FacebookShare on TwitterLinkedinWhatsapp

During the ongoing Fiscal year, The State Bank of Pakistan’s Temporary Economic Refinance Facility (TERF) will raise the investment-to-GDP ratio by almost one per cent. Furthermore despite the Covid-19 pandemic as approvals of long-term concessionary investment loans under it have already reached Rs430 billion.

Moreover, SBP Governor Dr Reza Baqir Gave out a detailed statement saying “The key purpose of TERF was that we didn’t want our businessmen to postpone their investment decisions during the pandemic. We wanted to provide them with incentives to not postpone their [planned] investments.” Alternatively, The central bank had introduced the concessionary refinance scheme to facilitate investment in new industrial projects, as well as capacity expansion and replacement of old technology by the existing ones.

Baqir Further elaborated his concerns by saying, “When a crisis like (the) Covid-19 strikes, one of the immediate consequences is that there is uncertainty. There’s uncertainty on the part of everybody, especially on the part of the businessmen because they have to decide based on their expectations of the future. And if that expectation about future has more uncertainty the instinct is to delay the decision.”

A breakdown of the authorised loans stipulates that 30pc TERF financing has gone directly into new projects while the remaining amount is being used for expansion/BMR through new investment. The textile industry has emerged as the largest borrower with almost 50pc share in the overall approved financing followed by FMCG (Fast Moving Consumer Goods) and auto sector with 11pc each.

Hence, the data portrays that at least Rs58bn has so far been disbursed under TERF.

Tags: 30 pcFinanceNew projectsSBPState Bank of PakistanTemporary Economic Refinance FacilityTERF
Web Desk

Web Desk

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

Govt Eyes $3.3 Billion in Foreign Loans From Chinese Banks

by News Publishing
June 24, 2025
0

The Government of Pakistan is working on securing two foreign loans totaling $3.3 billion from Chinese financial institutions, aimed at...

Next Post
Billionaires club

China's Grand Entreé among the Global Billionaires

Leave a Reply Cancel reply

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

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

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
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters