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Increase in exports must to appreciate Pak rupee: Altaf Shakoor


1/9/2018

Karachi: Government should take firms steps to increase exports to get appreciated the value of Pakistani rupee on priority, said Pasban e Pakistan President Altaf Shakoor here Monday.

He said with new arrangements of swap with the Chinese currency, it is feared that the Pakistani rupee would further depreciate, adding if so it would not augur well for economy, besides increasing the burden of foreign debt. He said it is necessary to take precautionary measures from now so that the Pakistani rupee is not depreciated in the international Forex market.He said the key to resolve this issue is increasing export of Pakistani goods for which the government should provide generous incentives to the industrial sector.He said besides we should be self-sufficient in meeting local demand, so that less and less goods and commodities could be imported. He said it is fact that Pakistan lacks behind in producing quality goods at cheaper cost; this is why the country may not compete with the cheaper Chinese goods. He said ultimately this situation would appreciate the value of Chinese currency, as compared to the Pakistani rupee.
 
He asked for making a better climate to attract new investment so as to generate more employment opportunities and increase the DGP as it would cast a multiplier effect on our economy.