HYDERABAD: President of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) Muhammad Saleem Memon has praised the pro-growth economic package announced by the Prime Minister, calling it a historic and far-reaching initiative for the promotion of industry, trade, and exports.
He stated that in the current economic environment, where industry is facing high production costs, expensive energy, limited financing, and weak export performance, this package will prove to be a true game changer and will help restore the confidence of the business community.
Memon welcomed the 300 basis points reduction in the Export Refinance Rate, bringing it down from 7.5 percent to 4.5 percent, and termed it a timely and highly encouraging decision for exporters. He noted that this step will boost exports, which in turn will help reduce the current account deficit and strengthen the national economy.
Copyright Business Recorder, 2026
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