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Exports in October increased by 9.6%: Hafeez Shaikh

ISLAMABAD: Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh said that exports of goods in October have increased by 9.6 percent.
Dr. Abdul Hafeez Shaikh posted a tweet, “Exports of Goods & Services increased by 9.6% in Oct 2019. To provide easy working capital & funds for expansion, Govt & SBP will give additional Rs 300B in subsidized financing to exporters.”

He added, “Rs30 billion will be given in cash instead of promissory notes issued against tax refunds.”
The country has recorded a current account surplus of $99 million in October 2019. The Current Account Deficit (CAD) lasted at $284 million in September 2019.

Read more: Tomatoes imported from Iran to reach Pakistan today

The current account deficit in the first four months of FY-19-20 amounted to $1.474 billion while it stood at $5.567 billion in the same period of the last fiscal year.

Also read: Business friendly changes made to curb under-invoicing: FBR

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