ISLAMABAD: The exporters from different sectors will be paid rebate refunds very soon so that they can continue their business to fill the gap between imports and exports.
Adviser to Prime Minister on Finance Miftah Ismail said this while addressing at a local hotel that the country’s economy is facing three main factors including the one budget deficit. He added that, during this financial year 2017-18, the budget deficit will not be allowed to be exceeded by over 5.2% as well as it will reach four and a half percents during the next Financial Year 18-19. The 2nd setback for economy is current account deficit while third one is import deficit.
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He added that the government got control over the inflation through discouraging import of luxury items and enhancing the exports. Pakistan is an agricultural country, so we should adopt new trend. He opined that we should enhance the capacity of per ton bales of cotton as well as we should provide good rates to formers against crops of sugarcane and wheat.
He said that Pakistan Airline (PIA) and Karachi Steel Mills must be privitized because they have become white elephants. These government run institutions always showed poor performance so government paid huge salaries of said public sector institutions by the money of taxpayers. He stressed that these institutions must be sold out as soon as possible.
