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.