ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Monday said that exports of the country had increased because of prudent policies of the government.
“The foreign investment is not only creating new job opportunities but also bringing more technological advancement in the country,” he said while addressing a ceremony in Lahore.
The adviser said the China-Pakistan Economic Corridor projects would have a positive impact on Pakistan’s economic growth.
On Nov 11, Prime Minister Imran Khan’s Adviser on Finance Dr Abdul Hafeez Sheikh had said the government had decided to give 300 billion rupees subsidised loan for industrialists to increase exports.
“The government has decided to give 200 billion more rupees to exporters as loan to increase exports in the country. The interest rates would be lowered for them and the difference would be paid by the government on loan from this amount,” Abdul Hafeez Sheikh had said while addressing a press conference in Islamabad. He was flanked by Federal Minister for Economic Affairs Muhammad Hammad Azhar and Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan.
He had said the loan provided by the central bank was also being increased by 100 billion rupees. “This way the exporters could be able to get loan from Rs300 billion.”
The advisor to the PM had said the loan was being provided so that more jobs were created in the country through increasing production in the factories for exports.