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The devaluation of Pak Rupee made production of electricity through coal unviable : Mian Adrees

Lahore : Mian Muhammad Adrees, Former President FPCCI has drawn the attention of government that there is a serious distortion in the production of Electricity through imported coal. During last 9 months, due to rise of C&F price of imported coal from USD 90/MT to USD 103/MT (14% increase) and ... 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 »

Devaluation to spur exports an outdated idea: Mian Zahid Hussain

Lahore: Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain on Monday said devaluation of the currency to spur exports is an outdated idea which is contrary to the national interests. Exchange rate erosion provides little relief to exporters while it increases debt, payable interest and make imports costly ... 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 »

Rupee shouldn’t be devalued on demand of textile sector:PEW

Lahore: The Pakistan Economy Watch (PEW) on Sunday said Pakistani exports have not dwindled down overnight expanding trade gap. Favouritism, appointments in violation of merit and misuse of export incentives are to be blamed for the situation, it said. Situation will not change unless appointments are made strictly on merit, outdated ... Read More »

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