Govt taking concrete steps to enhance exports volume; Senate informed
The Senate was informed today that government is taking concrete steps to take the economy on the right path by enhancing exports of the country.
This was stated by the Minister of State for Revenue Hammad Azhar while responding to a call attention notice, moved by Sherry Rehman in the House today.
He expressed the confidence that increase in export and decrease in imports will be witnessed in January’s statistics.
He also said current account and trade deficit will be reduced due to prudent policies of the government.
Hammad Azhar said circular debt increased from 400 to 1400 billion rupees in the time of previous government.
He said PTI government has inherited an economy which has highest fiscal deficit in the history of the country.
The Minister of State said domestic and external borrowing was marginally less as compare to the last year.
Senate Standing Committee on Interior presented interim report regarding Sahiwal incident in which four people were killed by Counter Terrorism Department.
The report recommended for the improvement in the Criminal Justice System and proposals to avoid recurrence of any such incident in future.
It also recommended to propose a welfare plan for the children of the victim family.
Behramand Tangi said this reform package has nothing for the poor. He said government has failed to provide relief to the masses of the country. He said incumbent government is responsible for the worst condition of economy.
Sitara Ayaz said government should take responsibility and unfold its strategies instead of criticizing the previous governments. She said government is least bothered to take suggestions from the opposition.
Participating in the discussion Seemi Ezdi said this government inherited import and export gap, sick units, trade deficit, current account deficit and worst condition of the stock market. She said this reform package has provided relief to the poor class. She said monthly stipend of rupees 6300 has also been announced for widows. She said this package has discouraged the money laundering, hundi and hawala. She asked for cooperation from government.
Talha Mahmood said this reform package has facilitated the industry and business. He said dollar depreciation will not help to increase export. He said government has not taken concrete steps to promote tourism.