Import substitution

Published December 13, 2018
Planning and Development Minister Khushro Bakhtiar says the government is devising policy packages for import substitution policies. ─ DawnNewsTV
Planning and Development Minister Khushro Bakhtiar says the government is devising policy packages for import substitution policies. ─ DawnNewsTV

ISLAMABAD: Planning and Development Minister Khusro Bakhtiar said on Wednesday that imports from China have reached $18 billion and the country needs to adopt import substitution policies for which government is devising policy packages.

Addressing the annual meeting of the Pakistan Society of Development Economists, he said China-Pakistan Economic Cor­ridor (CPEC) is an opportunity for growth and prosperity to both countries.

Bakhtiar said the government was devising a strategy to shield most vulnerable segments of society against the price hikes in the 53 essential commodities as reflected in Sensitive Price Index.

Published in Dawn, December 13th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.