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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 governm ....
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. ....