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

OMO Result: SBP injects Rs1.72tr

Weekly SPI increases by 0.95%

FinMin flags population growth as major threat to $3tr Economic Vision

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%