Deprecated: noindex is deprecated since version 5.7.0! Use wp_robots_noindex() instead. in /home/dailythepatriot/public_html/wp-includes/functions.php on line 4861

Pakistan economy moving in right direction: PM

ISLAMABAD : A delegation of leading exporters from various sectors, including poultry, rice, fruits, Information Technology, Pharmaceuticals and textile, called on Prime Minister Imran Khan on Wednesday.  Acknowledging critical role of exports in national economy including job creation and employment of young work force of the country, the Prime Minister said that the government is committed to extend all possible facilitation to the exporters and remove all impediments in way to enhancing country’s exports both in goods as well as services.  The Prime Minister emphasized upon the need for greater focus on capitalizing country’s potential in services related exports with greater facilitation and provision of an enabling environment.    The Prime Minister expressed satisfaction that Pakistan’s economy was moving in the right direction as the country has recorded a Current Account Surplus in the month of July 2020 and is constantly showing growth in exports after a global slump caused by COVID-19 pandemic.  The Prime Minister noted that in order to promote the process of industrialization in the country and to make our products competitive, the government has either eliminated or significantly reduced duties on hundreds of tariff lines involving raw material for the local industry. He said that system of refunds has been streamlined to resolve liquidity issues of the exporters and industrialists.  Our Government is vigorously pursuing ‘Make in Pakistan’ policy, to promote export-led industrialization in the country and our efforts in the last two years have been to further this objective through various interventions particularly in ease-of-doing-business, stated the Prime Minister.  The Prime Minister reiterated that the momentum of increase in exports can only be maintained through increased focus on product and geographical diversification. During the meeting, exporters appreciated various policy initiatives of the present government and also presented various suggestions to increase country’s exports in their respective areas.   Minister for Industries Mohammad Hammad Azhar, Finance Advisor Dr. Abdul Hafeez Sheikh, Advisor on Commerce and Investment Abdul Razak Dawood were also present during the meeting.

Exit mobile version