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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 âPakistan Economy-Challenges and Solutionâ 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.
KARACHI: Businessmen on Friday said the budget for the next fiscal year seemed balanced on the face of it, but its long-term impacts on trade and industry would become clear after a close analysis.