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ECC Approves Rs98 Billion Subsidy to Cut Exporters’ Borrowing Costs
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ECC Approves Rs98 Billion Subsidy to Cut Exporters’ Borrowing Costs

The Economic Coordination Committee (ECC) has approved a Rs 98 billion subsidy package to reduce borrowing costs for exporters and stimulate Pakistan’s export sector after overseas shipments declined by 6% in the last fiscal year. Chaired by Finance Minister Muhammad Aurangzeb, the ECC endorsed three major export support initiatives, including an enhanced Export Finance Scheme...