PM to announce incentive package as exports continue to fall
KARACHI (News92world-AP TV) - Pakistan s exports continued to face a declining trend as exports in July-Dec 2016 fell by 4pc to $9.91
billion when compared with same period of last fiscal year, as per date issued by Pakistan
Bureau of Statistics (PBS).
During the same period last year, export figures stood at $10.31
billion.
Only in month of December in 2016, exports fell by 3.09pc when compared with same
period of previous fiscal year.
On contrary, country’s imports continued upward trajectory in
July-Dec 2016 and soared by 10.11pc to $24.40 billion. During last fiscal year, import figure stood at $22.16
billion.
Sources revealed that issuance of fund worth Rs6 billion as per
guidelines of new three-year trade policy has been delayed by federal
government.
Being worried by increasing trade deficit, economists urge federal government to take
immediate steps in order to reduce production cost so that Pakistani products
can compete in international markets.
Moreover, sources from Ministry of commerce revealed that Prime
Minister is all set to announce bailout-cum-incentive package worth Rs47 to
Rs155 billion which could likely uplift Pakistani exports by $2 billion to $3 billion every
year.
Published by: Dunya News
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