Islamabad – February 7 (Online): The Friends of Business & Economic Reforms (FEBR) President Kashif Anwar on Sunday said the government has to formulate long-term and consistent policies for high industrial growth and sizeable improvement in exports, as Pakistan’s export has been stagnant for a long time.
Kashif Anwar further said that the output of Pakistan’s large industries has improved by around 7.5% in the first five months of current fiscal owing to sustained growth momentum, which is a ray of hope for economic revival.
Kashif Anwar said that cut in interest rate and reduction in duties on raw materials is expected to further spur economic activities in the current fiscal year. The growth has now broken a cycle of constant contraction in past over one year.
Kashif was hopeful that present trend of positive growth in large-scale manufacturing (LSM) will help achieve the annual economic growth target, besides creating jobs for skilled and unskilled workers.
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