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State Bank amends wheat procurement rules
Allows banks to extend loans for purchasing imported grain
A REUTERS FILE IMAGE
KARACHI:
Pakistan’s central bank has softened rules for wheat procurement financing by flour mills in the private sector, allowing banks to extend loans for purchasing imported grain in addition to the one being harvested locally these days.
The State Bank of Pakistan (SBP) allowed banks to finance local wheat procurement by eligible flour mills after June 30, 2021, where the mills may also borrow to procure imported wheat from July 1, 2021.
Moreover, it also extended the time period for returning these loans by two months to March 31, 2022. Earlier, it had fixed the last date for repayment of the loan maximum by January 31, 2022 in the previous notification issued last month - March 2021. ....

Research Syed Fakhar Imam , National Food Security , State Bank , Wheat Procurement Plan , ஆராய்ச்சி சையத் பகார் இமாம் , தேசிய உணவு பாதுகாப்பு , நிலை வங்கி , கோதுமை ப்ரொக்யூர்மெஂட் திட்டம் ,