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Increase in exports is the only solution

Islamabad, May 13, 2019: APTMA is hopeful that the new economic team is capable enough to bring out Pakistan from the present alarming economic situation of the massive fiscal and current account deficits, rising trade deficit gap, unprecedented depreciation of Pak Rupee, highest discount rate in the region, increasing trend in inflation, and negative growth of…

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IMF approves $6 bln bailout package for Pakistan

Islamabad, May 12, 2019: The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement economic policies to rekindle economic growth and improve living standards. Financing…

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Pakistan to become a central player in the evolving regional system: Shahid Javed Burki

Karachi, May 8, 2019: Pakistan would become a central player in the evolving regional system if the ADB’s CAREC (Central Asia Regional Economic Cooperation Program) and China’s BRI (Belt & Road Initiative) succeed in introducing land-based commerce in the country. This was stated by Shahid Javed Burki, a distinguished economist who has served as the Vice…

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