Govt asked to redo financing schemes for export sector

ISLAMABAD: The government needs to redesign all financial schemes to cater the urgent needs of export sector to minimise the impact of Covid-19, agreed all experts during a webinar organized by the Sustainable Development Policy Institute on Tuesday.

State Bank of Pakistan Senior Joint Director Muhammad Arshad Khan informed the participants that financing for exporters has been increased while long-term financing facility (LTFF) is no more limited to just traditional export-oriented sectors but also open to new potential ones.

p style="color: #333333; font-family: georgia, serif; font-size: 16px;">In view of Covid-19, he said the eligibility conditions for accessing Export Finance Scheme (EFS) and LTFF have also been relaxed.

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