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Pakistan has high growth potential

Pakistan has high growth potential Moody s review sees high growth coming mainly from LSM sector PHOTO: REUTERS KARACHI: Pakistan carries a high economic growth potential of more than 4%. The country is all set to undertake structural reforms to increase the investment rate and achieve a sustainable growth in export earnings for higher economic growth in the coming years. The country s debt burden has increased during the Covid-19 pandemic. The debt growth, however, remains nominal compared to regional countries. Fiscal policy, ease of doing business, taxation and competition are some of the weak areas. Policymakers have identified these areas to work upon them.

Exports to US jump 29% to $4b during 10MFY21

Exports to US jump 29% to $4b during 10MFY21 PM aide praised exporters for making it possible under difficult global conditions Pakistan needs to diversify exports by especially focusing on sectors like halal food, IT, pharmaceuticals, etc. PHOTO: REUTERS KARACHI: Pakistan’s exports to the United States jumped 29% to $4 billion during July-April 2020-21, announced Adviser to Prime Minister on Commerce Abdul Razak Dawood. In a series of tweets on Tuesday, he said that Pakistan had managed to ship merchandise worth $3.2 billion in the same period of previous fiscal year. “US continues to remain an important market for Pakistan,” he said. “A substantial increase of $918 million was witnessed and credit goes to our exporters for making it possible under difficult global conditions,” Dawood cherished.

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