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Jang Economic Session: Call to consult stakeholders before making new tax law

Jang Economic Session: Call to consult stakeholders before making new tax law
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Difficult times ahead as debt servicing to go up 35pc: Pasha

July 28, 2021 LAHORE: Former finance minister of Pakistan, Dr Hafeez Pasha on Tuesday warned of the difficult times ahead, as the country witnessed the highest single-month import figure of $6.3 billion in June 2020, while the current account deficit remained $1.3 billion in this period. Addressing an economic session on “Pakistan Economy-Challenges and Solution” organised by the Pakistan Industrial and Traders Association Front (PIAF), he predicted that the total annual import figure would go as high as $70 billion, which would be impossible to manage with exports of just $25 billion. The ceremony was also addressed by Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Mian Anjum Nisar, PIAF Chairman Mian Nauman Kabir and senior journalist Sikandar Lodhi.

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