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

Pakistan moves to formalize U.S. Pakistan Business Alliance

Pakistan explores tokenisation for digital finance

Pakistan Railways targets Rs1tr revenue after $2bn ADB loan

Name	Price/Vol	%Chg/NChg
KSE100	186,518.72 569.86M	0.79% 1456.61
ALLSHR	111,118.66 1,316.08M	0.80% 877.22
KSE30	57,477.09 258.39M	0.70% 397.05
KMI30	263,795.54 229.75M	1.19% 3094.40
KMIALLSHR	71,351.41 638.92M	0.97% 686.81
BKTi	54,665.11 85.30M	0.33% 179.56
OGTi	36,323.86 37.76M	1.28% 460.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,420.00	91,700.00 91,175.00	185.00 0.20%
BRENT CRUDE	60.39	60.93 59.81	-0.31 -0.51%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-0.45 -0.52%
ROTTERDAM COAL MONTHLY	98.90	99.40 97.85	0.25 0.25%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.28	56.45 56.27	0.29 0.52%
SUGAR #11 WORLD	14.97	15.04 14.69	0.21 1.42%