Govt and SBP to provide additional Rs300 billion in subsidized financing to exporters: Dr Hafeez

MG News | November 20, 2019 at 10:32 AM GMT+05:00

0:00

November 20, 2019: The finance advisor to Prime Minister, Dr Abdul Hafeez Shaikh said exports of goods and services increased by 9.6% YoY in Oct 2019.

In an official twitter account, he said government and State Bank of Pakistan will give additional Rs300 billion in subsidized financing to exporters.

He said it will provide easy working capital and funds to exporters for expansion.

Dr Hafeez Shaikh said Rs30 billion will be given in cash instead of promissory notes issued against tax refunds.

Related News

Govt targets chemical sector reforms to boost exports

FBR accelerates toward tech driven taxation

MG Morning Breeze: Updates to Skim before Market

Name	Price/Vol	%Chg/NChg
KSE100	178,853.10 424.99M	3.29% 5702.68
ALLSHR	107,335.86 693.28M	2.85% 2972.30
KSE30	54,676.69 210.97M	3.52% 1860.41
KMI30	250,620.93 139.36M	2.14% 5257.28
KMIALLSHR	68,647.30 398.45M	1.89% 1273.91
BKTi	52,773.10 107.33M	7.09% 3494.44
OGTi	35,032.42 34.95M	0.79% 274.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,005.00	68,570.00 66,720.00	-860.00 -1.27%
BRENT CRUDE	70.10	70.38 67.36	2.68 3.98%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.00 -3.03%
ROTTERDAM COAL MONTHLY	105.50	105.50 105.50	-0.10 -0.09%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	64.86	65.09 62.04	2.60 4.18%
SUGAR #11 WORLD	13.77	13.78 13.47	0.29 2.15%