KARACHI: To understand and provide suggestions on the economic challenges, the Hamdard Foundation held a session on “Country’s chaotic economic situation, how is improvement possible?” here.
The foundation president, Sadia Rashid, retired Justice Haziq-ul-Khairi, economic expert Mahmood Arshad and many others participated.
Mr Arshad said that Pakistan had been trapped in a vicious circle of external loans due to a consistent trade deficit.
“The country has to borrow from international financial institutions in order to meet its financial obligations on imports. Pakistan’s imports have gradually increased over time, whereas our exports remain stagnant, which is a matter of concern. Pakistan needs concrete steps to boost exports,” he said.
Published in Dawn, July 2nd, 2022