Govt, State bank give additional Rs300 billion in subsidized financing to exporters: Abdul Hafeez Shaikh

It will provide easy working capital and funds to exporters for expansion.  Advisor to Prime Minister on Finance’s  tweet
Islamabad: Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh says government and State Bank of Pakistan will give additional three hundred billion rupees in subsidized financing to exporters.

In a tweet, he said it will provide easy working capital and funds to exporters for expansion.

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

He said exports of goods and services increased by nine point six percent during last month as compared to same month of last year.