KARACHI - The State Bank of Pakistan has decided with immediate effect that maximum financing limit for a single export-oriented project under the Long-Term Financing Facility (LTFF) will not exceed Rs1 billion. According to a circular (SMEFD Circular Letter No. 4) issued on Monday, the decision has been taken in view of growing demand, diversify financing & risk and to accommodate larger number of borrowers. It may be mentioned here that previously there was no maximum financing limit for a single borrower. However, banks/DFIs may continue to provide financing facilities as per their credit policies over and above the said maximum limit from their own sources subject to adherence of Prudential Regulations, the circular said.