NewsPast Policies Did Not Stabilize Economy, Forced To Go To IMF

October 17, 2020Zayn0

Hafeez Sheikh has said that the policies of the past could not stabilize the economy, we are suffering the effects of what happened. Taking steps to order.

Hafeez Sheikh, Finance Adviser, addressing the business organizations, said that people say don’t talk about the past, the economy did not benefit due to the past policy, due to the past policy had to go to the IMF, 5 thousand billion. Rupees were to be repaid in the form of loans. In the past, the dollar was deliberately kept cheap. In the last five years, the rate of appreciation of the dollar was less than zero. In the past, no attention was paid to increase exports.

Hafeez Sheikh said that the increase in imports has caused a lot of damage to our industry, difficult decisions have been taken to get out of this situation, difficult decisions have to be taken to improve the economy, a policy has to be formulated which will make it easier for businessmen to export. The government’s job is to bring the private sector forward by making good policies, eliminating all taxes on exports and improving the refund system, our performance before Corona was appreciated by the world, controlling government spending, subsidizing electricity and gas. decided.

Zayn

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