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The following are steps being taken by the government to tackle the economic challenges like increase in inflation, decrease in foreign exchange reserves, depreciation in Pakistani rupee, & increase in current account deficit;
Centre on Wednesday announced that it has made amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees (INR) and settlement of exports/imports in Indian Rupees.
The amendments will allow International Trade Settlements in Indian Rupees for Export Promotion Schemes under the Foreign Trade Policy, , foreign trade policy, International Trade Settlement
With the view of encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri Lanka has withdrawn the mandatory requirement to convert service export receipts/proceeds, that are received in Sri Lanka on or after 12 August 2022. The service exporters may use their export proceeds so repatriated to Sri...
BB eases rules on encashment of export proceeds