ISLAMABAD: Taking about Rs92 billion liability on the public purse, Pakistan on Friday approved phasing out of the Rs330bn subsidised export financing scheme from the State Bank of Pakistan (SBP) to meet another condition of the International Monetary Fund (IMF) currently holding back the Staff-Level Agreement for disbursement of $1.1bn instalment.
The decision was made at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Finance Minister Muhammad Aurangzeb...
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