In its first quarterly economic review report, the planning ministry revealed that in terms of quantity, Pakistan’s exports were going down and the country sustained a loss of $1.6 billion in the July-September quarter of current fiscal year. The Ministry of Planning on Friday disagreed with the policy of restricting imports to control the yawning current account deficit, emphasising that focus should instead be on exports that got vital support from a surge in global commodity prices. However, pace of recovery is hindered by supply chain glitches at local and global levels. Economic stimulus package has helped in revival of manufacturing sector.
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