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🏠 Home › MCQs › Pakistan Current Affairs › Question

What is the primary economic goal of lowering the Export Refinance Rate (ERR)?

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By Zain

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Published 03 Feb 2026

A. Increase the country's foreign exchange reserves.

B. Control domestic inflation by decreasing money supply.

C. Enhance export competitiveness and increase shipments.

D. Reduce the fiscal deficit through increased taxation.

💡 Explanation:

The Export Refinance Rate (ERR) is the subsidized interest rate at which commercial banks provide credit to exporters. Lowering the ERR reduces the cost of working capital for exporters, which in turn makes their products more competitive in international markets and incentivizes an increase in overall export volume.

📚 Topics: Pakistan Current Affairs

🎯 Exams: CSS GEN NTS PMS UK_CS US_COMP

🏷️ Tags: Economic Development International Trade Monetary Policy Public Finance

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