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GSP-plus status: credit goes to PPP government: Gilani

Former Prime Minister Yousuf Raza Gilani has said that present regime has no right to get credit of GSP-plus status for Pakistan and it goes to PPP government which had endeavoured to attain this status for five years. It has already been announced that European Union will allow Pakistan duty free trade in January 2014.

Talking to media men at his residence he said that keeping the record straight, I want to say that Asif Ali Zardari has raised the slogan of trade not aid and he used his good offices to convince the European Union to grant the status of Generalised System of Preferences (GSP) Plus status.

He said that Pakistan's expected annual profit of $2 billion from the Generalised System of Preferences (GSP) Plus status. Talking to newsmen here on Sunday he said that business community should give credit of this achievement to actual people.

Gilani said that we never yielded to the pressure of IMF or World Bank and refused to increase the general sales tax to 17 percent, increasing power tariff, gas prices by 100 percent and we maintained the foreign exchange reserved to $16 billion. Gilani said, "We have set a record of $24 billion exports".

Copyright Business Recorder, 2013


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln