08. 05. 17
Falling exports can result in another IMF loan: PEW
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Currency should not be devalued to support exports
The Pakistan Economy Watch (PEW) on Sunday said exports, investment and remittances continue to fall hitting forex reserves which will result in another IMF loan.
Continued fall in exports since three years despite efforts of the government and private sector will result in lost export markets, it said.
Exports are falling while imports have gone out of control due to liberal import regime which is creating serious problems for economy, said Dr. Murtaza Mughal, President PEW.
The export officials waste time and money and later blame energy crisis to absolve themselves of all the responsibility, he added.
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