Business
May 25, 2021
KARACHI: Pakistan can achieve higher gross domestic growth in the coming fiscal years if it focuses on diversifying exports and increasing investments, central bankâs Governor Dr Reza Baqir said on Monday.
âEfforts need to be made to grow Pakistanâs GDP in the next 5 years and we have all the capabilities to achieve this target. We have been able to increase our gross and net reserves. We need to diversify our export base as other nations have done,â Baqir said at the virtual CFO Conference 2021, organised by ICAP.
He said that the challenges for the developing countries in the new normal were unprecedented, causing economic, social and sustainable development concerns. The pandemic has pressed the reboot button of economies globally with long lasting impacts including lower investment, erosion of human capital to lower productivity, limited income growth and structural transformation in countries across the world, he added.
Diversity in exports to achieve higher growth in coming years: SBP Governor Baqir
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Diversity in exports to achieve higher growth in coming years: SBP Governor Baqir
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.