Pakistan’s Minister for Commerce, Gohar Ejaz, has emphasized the country’s efforts to revive its economy and achieve sustainable growth. He emphasized the need to diversify exports and reach targets of 80 billion U.S. dollars within 90 days. Ejaz highlighted the importance of textile and agricultural products as the backbone of the economy.
The government has provided a special subsidy on electricity to help industrialists increase their exports, while a new policy of electricity on wheeling charges will further benefit industries in the coming months.
Ejaz stressed the importance of the business community in the country’s development and emphasized the removal of bottlenecks and creating an enabling environment for both local and foreign investors to boost the economy. The local currency has gained ground against the U.S. dollar over the past two weeks due to a crackdown against currency smugglers.