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Top Story
December 16, 2020
ISLAMABAD: Governor State Bank of Pakistan Reza Baqir has said that exports have recovered to their pre-COVID monthly level of around $2 billion, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals. Pakistan needs to focus on competitiveness and reduce imports even further to support local businesses.
Addressing the plenary on “Pakistan’s Economic Response to COVID-19 and Way Forward for an Inclusive Economic Recovery” on the second day of the 23rd Annual Sustainable Development Conference of the Sustainable Development Policy Institute (SDPI) here Tuesday, the governor State Bank said to boost economic activity and job opportunities in the country, the State Bank of Pakistan was working with the banks to see that lending to Small and Medium Enterprises (SMEs) and housing financing facilities are increased in collaboration with banks. He said that under the Prime Minister’s instructions, the government has coor
Exports recover to pre-Covid levels
SBP governor says Pakistan needs to focus on competitiveness, import reduction
PM Task Force on IT member Parvez Iftikhar pointed out that Covid-19 had shown that internet of high speed and large ca-pacity was a must to keep wheels of economy, healthcare, education and other sectors moving. PHOTO: FILE
ISLAMABAD:
Exports have recovered to pre-Covid monthly levels of around $2 billion with the strongest recovery in textile, rice, cement, chemical and pharmaceutical sectors, said State Bank of Pakistan (SBP) Governor Reza Baqir.
Speaking at a session titled “Pakistan’s Economic Response to Covid-19 and Way Forward for an Inclusive Economic Recovery” on Tuesday, Baqir said Pakistan needed to focus on competitiveness and reduce imports even further to support local businesses.
Govt to Establish Cold Storages on Airports and Shipping Ports
The Government and the Representatives of Fruit and Vegetable Exporters have agreed to establish cold storages on airports and shipping ports across the country.
The Ministry of Commerce hosted a consultative session on the issues pertaining to exports of mango via video-link. The session was attended by Advisor to Prime Minister for Commerce and Investment, Abdul Razak Dawood. The participants included Chairman of Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA), Waheed Ahmad, farmers, and exporters of mangoes.
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The officials of the Ministry of Commerce (MOC), Ministry of National Food Security and Research (MNFSR), and Department of Plant Protection (DPP) were also present.
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