A rare policy alignment for exports

The coordinated intervention by the country’s monetary authorities and the banking sector to reduce export financing costs — without imposing any fiscal burden on the government — represents a rare example of policy alignment. The initiative is part of the relief package announced by Prime Minister Shehbaz Sharif to ease cost pressures on the industry, especially exporters. He had also announced a slash in electricity tariffs for industry by Rs4.04 per unit. Exporters have welcomed the decisi...

By none@none.com (Nasir Jamal)