SBP's Export Refinance Schemes provide concessionary financing to boost Pakistan's exports. The schemes include pre-shipment and post-shipment financing. Modifications over time increased access, such as allowing indirect exporters and reducing documentation requirements. The pricing mechanism for loans under the schemes is market-based and linked to the 6-month T-Bill rate, providing incentives to exporters if rates decrease. The schemes have had a positive impact on exports and imports by providing the lowest financing rates available in Pakistan and being accessible to all eligible exporters. Suggestions include carefully monitoring the schemes to prevent rent-seeking and simplifying procedures.