Hafeez Shaikh briefed on LSM liquidity issues

MG News | May 28, 2020 at 10:53 AM GMT+05:00

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May 28, 2020: A delegation of Nishat Group called on Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to apprise him of the damage done by COVID-19 related economic downturn to large-scale manufacturers.

It was shared by the delegation that owing to Corona pandemic induced demand compression, size of balance sheets of large manufacturers is not maintainable.

The Adviser on Finance empathized with the participants and updated them about the current status of implementation of Prime Minister's stimulus package worth 1240 billion rupees.

The delegation was asked to put up precise case for financial facilitation and its parameters as State Bank of Pakistan has already been running a scheme for payroll protection.

Radio Pakistan

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