KARACHI, June 27: The State Bank has extended the deadline for the limits sanctioned by banks to individual exporters under Part-II of the export finance scheme for 2005-06 till August 31, 2006.

The export refinance limits sanctioned in favour of banks for the year 2005-06 are due to expire on June 30, said a circular issued by the SBP on Tuesday.

In order to ensure that the financing facilities are available to the exporters till finalisation of their new limits under Part-II of scheme, it has been decided that the limits sanctioned by banks to individual exporters under Part-II of scheme for 2005-06 will continue up to August 31, 2006, says the circular.