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Investment in govt securities: Proposal to transfer EDF money to bank account approved
ISLAMABAD: The government has approved a proposal allowing the Export Development Fund (EDF) Board to transfer funds from its Public/Treasury Account to a commercial bank account for onward investment in government securities, as the suspension of the Export Development Surcharge (EDS) has halted a major source of the Fund’s revenue. According to an official document, the Ministry of Commerce submitted the proposal to the ECC in a summary dated October 6, 2026, seeking permission to invest EDF resources in government securities to generate income and ensure the Fund’s financial sustainability....
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