SBP extends validity period for renewable energy for two years

News Image

MG News | June 18, 2022 at 12:53 AM GMT+05:00

0:00

June 18, 2022: State Bank of Pakistan (SBP) Friday extended the validity period of the renewable energy financing scheme and Islamic financing facility for two years, up to June 30, 2024.

According to a circular issued by SBP’s Infrastructure, Housing and SME Finance Department, Revised SBP Financing Scheme for Renewable Energy was launched in June 2016 to lend support in addressing the dual challenge of energy shortage and climate change through the promotion of renewable energy.

The central bank, later on, based on stakeholders’ feedback, extended the expiry period of the scheme to June 30, 2022.

The Mudarabah-based Islamic financing facility for renewable energy (IFRE) was introduced in February 2019 for the Islamic Banking Institutions (IBIs) and DFIs.

The SBP financing scheme and Islamic financing facility for renewable energy were available to prospective sponsors, vendors and suppliers in three different categories encompassing renewable energy projects with a capacity of below 1 megawatt and more than 1 MW and up to 50 MW.

Loans amounting from Rs 400 million to 6 billion could have been availed depending on the category under the financing facility with up to 100% refinance by SBP for a period of 10 to 12 year.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 154,439.68
241.10M
-1.09%
-1701.56
ALLSHR 94,668.16
984.91M
-0.80%
-765.63
KSE30 47,119.91
93.25M
-1.26%
-600.63
KMI30 226,125.72
147.15M
-1.17%
-2674.34
KMIALLSHR 63,569.05
456.03M
-0.92%
-592.28
BKTi 41,622.83
56.72M
-1.28%
-538.80
OGTi 31,488.79
10.15M
-1.08%
-344.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,850.00 117,320.00
114,850.00
1920.00
1.67%
BRENT CRUDE 66.88 68.17
65.71
0.51
0.77%
RICHARDS BAY COAL MONTHLY 84.00 84.00
84.00
-1.90
-2.21%
ROTTERDAM COAL MONTHLY 93.00 93.25
92.75
0.00
0.00%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.60 63.98
61.69
0.23
0.37%
SUGAR #11 WORLD 15.81 15.87
15.67
-0.01
-0.06%

Chart of the Day


Latest News
September 13, 2025 at 05:13 PM GMT+05:00

Wheat prices break past official ceilings


September 12, 2025 at 06:41 PM GMT+05:00

CCP approves AZT Foundation’s acquisition of Route2Health


September 12, 2025 at 05:24 PM GMT+05:00

SBP updates IFRS 9 rules for microfinance banks


September 12, 2025 at 05:16 PM GMT+05:00

PSX Closing Bell: The Tide Turns Red



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg