PIAF asks govt to support industry for demand-supply balance amid pandemic

central bank to also take steps to improve the ease of doing business environment for local industry, giving them more confidence for smooth production amidst slowdown triggered by the coronavirus fear.

Mian Nauman Kabir said that central banks all over the world are using various kinds of instruments to avoid recessionary tendencies and stimulate growth in their economies because of the spread of the devastating coronavirus. The PIAF chairman said that facilitation measures cover almost all aspects of export business and include relaxation in matching amounts under EFS, extension in time period to ship goods, relaxation in conditions for LTFF, realization of export proceeds and extension in the time period for import of goods.

Nasir Hameed observed that the latest announcement was largely meant to ease the conditions under these schemes. According to the latest circular, exporters availing the EFS could now export one-and-a-half times of the borrowed funds, down from two times as was previously the case. Time period to meet performance was also extended from end of June to December 31, 2020.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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