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.
India has converted Covid crisis into an opportunity: Piyush Goyal
December 17, 2020
Piyush Goyal - Kamal Narang×
\ Indian economy is seeing rapid recovery and with collective effort of 130 crore Indians will soon bounce back to normalcy, Piyush Goyal, Union Minister for Commerce and Industry, Railways, Food and Consumer Affairs and Public Distribution, has said.
Addressing a virtual international conference organised by CA Institute on the theme “Accountancy Profession Augmenting Economic Sustainability”, Goyal said that India has converted the Covid-19 crisis into an opportunity and that he sees a bright future for the economy.
Urges CA fraternity
Stating that chartered accountants are in an unique position to guide corporates efficiently and effectively in post covid-19 world, Goyal urged the CA fraternity to move beyond their confines of financial advisory role to manage the triple bottomline of profit, people and planet for businesses to stay in business and succ