According to the Pakistan Bureau of Statistics (PBS), exports from the country in rupee terms witnessed an increase of 32.77 percent during the first eight months of the current fiscal year compared to the corresponding period of last year.
The Pakistan stock market on 07 March shed 1500 points in an intraday trading. The market opened trade at 44,419.1 points, and by midday, it had plummeted to 43,050.1 points.
The Ministry of Commerce submitted revised Textiles and Apparel Policy, 2020-25 after incorporating few changes along-with implementation report.
The national economy did not only register a sustainable growth but also country’s exports, remittance and foreign reserves witnessed upward increase during the said period, minister said.
The adviser said that the imports into the country have increased more in terms of value and less in terms of volume.
With the nation's economy on its last stand, the PTI government is at a junction where it's either their popularity or the nation's economy...
Imran Khan government’s recent reversal on its regionally competitive gas tariffs for exporters reduces government’s credibility, adversely affects textile exporters capacity to invest in innovation and has created a disturbing energy cost disparity between two federating units of Sindh and Punjab.
The only viable option for meaningful change in Pakistan is to replace the existing tax system with a lower, flat, and predictable tax system that is simple, pragmatic, growth-oriented, and broad-based. It is high time that the government and all political parties should consider it seriously.
The tough decisions coupled with the prudent policies by the incumbent government helped put the country’s economy on its own feet, said Muzammil Aslam, Spokesman for Advisor to PM on Finance and Revenue
Fed officials have insisted that the jump in inflation will be temporary as the global economy slowly returns to a semblance of normality next year in the wake of the coronavirus pandemic.
Tarin said, the government was actively pursuing the agenda to make Pakistan hub for regional trade and transit and realize full impact of Pakistan geostrategic and geo-economic location.
Minister for Energy in his senate speech compared the petroleum and diesel prices in Pakistan with prices in other countries across the world, leaving out oil producing countries. He also took a jab on the previous government when comparing the tax rates on petroleum products during their time.