KARACHI: Economic experts speaking at a webinar on ‘The State of Pakistan’s Economy - Moving Forward’ said that the country has to improve its export numbers and this would help it in dealing with the dire economic situation that it finds itself in.
The webinar was hosted by TV anchor and journalist Talha Jatoi and speakers included former Chief Economist of the Planning Commission and newspaper economist Dr Pervez Tahir, Honourary Investment Counsellor for the Board of Investment Dr. Tabassum J Khan, Economy and Finance Expert A A H Soomro and senior economics journalist Mehtab Haider.
The host opened the conversation by talking about how the economy is going towards hyperinflation similar to what happened after World War I when buying even a loaf of bread became beyond the reach of many people. Soomro said that lack of willingness to solve problems was a major impediment to actually moving forward.
He said that Pakistan’s exports-to-GDP ratio was very low and needed to be increased. He said that companies like TRG brought in millions of dollars to the country but that the state was not able to support such companies, citing its recent legal problems caused by a former CEO who had to step down in disgrace.
Copyright Business Recorder, 2023
Comments
Comments are closed.