ISLAMABAD: The government has decided to announce a support package ofRs200 billion for exporters in order to enhance the country’s exports,encourage local production and create job opportunities, said Adviser toPrime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh.
Addressing a press conference on Monday, the adviser said that the StateBank of Pakistan has decided to increase loans for the exporters by Rs100billion.
The adviser was flanked by Special Assistant to Prime Minister onInformation Dr Firdous Ashiq Awan, Economic Affairs Minister Hammad Azharand Federal Board of Revenue (FBR) Chairman Shabbar Zaidi.
Hafeez Shaikh informed that the government would allocate additional Rs250billion to resolve the problem of power sector circular debt. Furthermore,he added, the government would also allocate an additional amount of Rs30billion for ‘Naya Pakistan Housing Scheme’.
“This amount will be utilised in term of various subsidies to be given tothe builders,” he added.
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The adviser said the stakeholders involved in the construction sector wouldbe given special tax concessions.
“During the first four months of the current fiscal year, the governmenthas achieved remarkable success on the economic front as the trade deficithas reduced significantly while forex reserves have been moving upwards,”he maintained.
The PM’s aide said after a big gap of five years, the country’s exportshave started increasing now by 4pc, adding that FBR tax revenues have alsogrown by 16pc in four months compared to the same period of last year.
