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IMF team to visit Pakistan on Nov 7:  Asad Umar

Lahore : Minister for Finance Asad Umar on Saturday said a delegation of the International Monetary Fund (IMF) would visit Pakistan on November 7 to finalize terms and conditions for a bailout programme. Talking to media persons here, the minister said the government’s decision to approach the IMF for the bailout ... Read More »

PEW criticized textile sector for demanding devaluation of currency

Lahore: The Pakistan Economy Watch (PEW) on Sunday criticised textile sector for demanding devaluation of local currency to boost exports. Eroded rupee to make imports costly which are double than exports and hut every person in Pakistan, it said. The government has accorded zero-rating status to the textile sector in the ... Read More »

Prime Minister Nawaz Sharif refuses to devalue currency to spur exports

Lahore: The Pakistan Economy Watch (PEW) on Friday lauded Prime Minister Nawaz Sharif for refusing to devalue currency to spur exports and keep interests of masses supreme over everything else. The decision indicates that interests of 200 million masses cannot be sacrificed over interests of businessmen for which government deserve ... Read More »

PEW lashes TDAP for demanding currency devaluation

The Pakistan Economy Watch (PEW) on Thursday condemned proposal by TDAP to devalue currency by ten percent to boost dwindling exports and print currency to finance deficit. The TDAP chief advised the Senate Standing Committee on Commerce chaired by Senator Shibli Faraz that government should devalue currency and print currency ... Read More »

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