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Prime Minister Khan Closely Monitors Progress on Development of SEZs

  • August 26, 2019
Prime Minister Khan Closely Monitors Progress on Development of SEZs
Image caption Prime Minister Khan Closely Monitors Progress on Development of SEZs

Challenges, economic, political and diplomatic, continue to be too grave to allow any space for complacency but the trade data for July, the first month of the current fiscal year, did put a faint smile on the faces of the harried flock of the government’s trade team.

No one expects an economic turn-around during the current fiscal year. But early signs of course corrections towards more realistic, market-based, dependable fundamentals are said to be emerging as the fog of uncertainty subsides post-International Monetary Fund (IMF) deal.

The improvement in trade data (exports up 14 per cent and imports down 18pc in July 2019 over July 2018 and the monthly trade gap halved from $2 to $1 billion), is projected as an early sign of the success of the stabilisation package put in place by the PTI government (see tables for details).

The Financial Action Task Force (FATF) and IMF reports are important but the country is moving slowly and persistently in the right direction and beyond the current difficult patch, where necessary readjustments had to be made, the future is said to be bright and promising.

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