FAISALABAD: Chairman All Pakistan Cotton Power Looms Association Rana Azhar Waqar has said that the economy is improving due to government policies. The growth rate is expected to be 4 to 5 percent this year. The first phase of economic stabilization has been completed well.
Pakistan's exports are steadily increasing and reaching the highest level in the country's history, leading to a significant increase in foreign exchange reserves. Receiving 2.77 billion dollar from the IMF will take foreign exchange reserves to historic highs.
He expressed these views while talking to a delegation of businessmen. He said that the increase in exports of US, UK and China is due to the performance of our country's industrial sector and the active role of exporters is significant in this regard. And the duties on exports should be abolished so that exporters can play their important role in stabilizing the national economy by increasing the country's exports in a one-sided manner.-PR
Copyright Business Recorder, 2021
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