Pakistan government helps lower leather production costs
17/07/2006
State Bank governor Dr Shamshad Akhtar has announced a cut in export refinance rates to boost Pakistani exports. She said that the lowering of this rate would help reduce the cost of production.
Addressing a press conference, Dr Akhtar said that the rate under the Export Finance Scheme had been reduced to 6.5% from 7.5% and the banking spread to 1% from 1.5%.
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