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Export Finance Scheme: Govt allocates Rs300bn for SMEs
ISLAMABAD: The government has allocated Rs300 billion exclusively for small and medium enterprises (SMEs) exporting under the Export Finance Scheme (EFS). The move aims to improve SMEs’ access to concessional financing, reduce their cost of doing business and strengthen the country’s export competitiveness. Khurram Schehzad, Adviser to the Finance Minister, announced the initiative, saying that the entire Rs300 billion financing allocation, equivalent to around USD1.1 billion, would now be dedicated to eligible SME exporters through the Pakistan Export-Import Bank (Pak EXIM). He said the alloc...
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