Govt making efforts to control economic losses: Razak Dawood.

FAISALABAD -- :Adviser to Prime Minister on Commerce, Textile and Investment Abdul Razak Dawood has said that the government is making efforts to control the economic losses incurred by fragile national economy in the wake of coronavirus lockdown.

Talking to office-bearers of Faisalabad Chamber of Commerce and Industry (FCCI) through video-link, he discussed in detail the problems being confronted by the business community and impediments ito speedy disbursement of electricity bills and payment of salaries and wages of the employees under SBP refinance scheme.

He said that the SBP had issued a circular regarding refinance scheme for the payment of wages and salaries to the Small and medium-sized enterprises (SMEs) units who would not lay off their workers during lockdown.

He said that this circular was issued on April 5, 2020 but it has some discrepancy due to which various sectors could not avail this facility.

He asked the FCCI president to propose necessary amendments to the circular so that maximum sectors could avail the scheme benefits.

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