Private credit off take reached to Rs 911 bln: Tarin

F.P. Report

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin here on Saturday said private credit off take during the period from July-March 11, 2022 was recorded at Rs 911 billion against Rs. 357 billion of same period last year.

He said the substantial increase was indicating robust economic activity. Meanwhile, the government had retired Rs 291 billion to State Bank of Pakistan, creating room for private sector, he added.

Finance Minister approves tax relief of 10% on import of edible oil: Finance Minister Shaukat Tarin has approved tax relief of ten percent on import of edible oil for the next two months.

He approved the tax relief at a meeting in Islamabad keeping in view the increase in the prices of edible oil in the international market.

The step has been taken to ensure smooth supply of edible oil to consumers.