Business News

Finance Minister emphasises improvement in exports

Latest Update: May 16, 2015 | 166 Views

ISLAMABAD: Finance Minister Ishaq Dar has emphasised on bringing improvement in exports and pointed out that devaluation was not an answer.

He was chairing the third Monetary and Fiscal Policies Coordination Board meeting of the current financial year.

The meeting was attended among others by Minister for Planning Development and Reforms, Ahsan Iqbal and Governor State Bank.

Ishaq Dar underlined the importance to make growth more inclusive and broad based by spreading its benefits to all parts of the country.

He directed the Ministry of Commerce to suggest tangible proposals for export enhancement for incorporation in the finance bill.

The Finance Minister underlined the importance of resolving energy issues, which were hampering growth.

He said the government is implementing time-bound strategy to tackle price distortions, insufficient collections and low efficiency in energy supply and distribution with the support of development partners.

The Minister said the government is also working to improve the business climate and increase foreign and domestic private investment to boost economic growth.

Ahsan Iqbal said we need to enhance exports according to the real potential removing structural problems and cost issues.

He also said we need to align our industrial sector along with SMEs and other sectors to increase FDI and exports.

The Governor State Bank informed all monetary aggregates are moving in comfortable zone.


Top of the Hour