Exports increase to $25 bn: Hammad Azhar

Imran the legend

Chief Minister (5k+ posts)
ISLAMABAD: Minister of State for Revenue Hammad Azhar her on Thursday said that exports had increased to 25 billion dollars and the government was committed to enhance them further to strengthen economy.
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Responding to a question in Senate, Azhar said, “Remittances this year will increase to 22 billion dollars breaking the stagnant mode of the previous years.”

He said work on NFC Award was underway and the government was committed to provide due share to the erstwhile FATA.

The minister told the senate,” Inflation rate in April reduced to 8.8 percent from 9.4 percent in March.” He said the inflation rate in the first eight months of PTI government was the lowest as compared to the corresponding period in the last two governments.

He said talks with IMF were at the final stage and its details would soon be shared with the parliament.

About reforms in Federal Board of Revenue, the minister said internal audit wing of the department would be made autonomous to remove the conflict of interest within the organization.

Azhar said findings of Egmont Group, an informal network of 159 financial intelligence units to control money laundering, would be incorporated in Anti-Money Laundering Act.

He said, “After incorporating findings of the group Pakistan will be in a strong position to become member of the group, and this membership will enable Pakistan to have technical assistance in forensic and tracing of money trails data.”
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kakamuna420

Chief Minister (5k+ posts)
IMF agents are not doing good job. They can't fight for 6bn loan when this money could be retrieved from tourism only. Overseas send 22bn to run this country and the politicians are installing IMF and foreign agents. Imran khan needs to do some soul searching
 

Jazbaati

Minister (2k+ posts)
IK should try to get loans from friendly countries instead of IMF. If they are only after 6Bn then surely some countries can lend 1or 2Bn each.
 

Ali raza babar

Chief Minister (5k+ posts)
Bakwass.
Agents of NS and Zardari are secretly working against the exports.
Example?
Mineral and Fossil samples were being sold internationally by local gem sellers of Namak mandi peshawar.

Guess what,
The custom officer at Islamabad termed it as momey laundering stopped all the parcels and isn't allowing any new ones and now that industry is dying and nobody is paying attention to it.
 
IK should try to get loans from friendly countries instead of IMF. If they are only after 6Bn then surely some countries can lend 1or 2Bn each.

The figure is $6bn after taking aid and loan from friendly countries. Without them, the figure would have been much bigger.

In other words, we can't go to them because they have already lent us whatever they could.
 

tansarbh

Senator (1k+ posts)
IK should try to get loans from friendly countries instead of IMF. If they are only after 6Bn then surely some countries can lend 1or 2Bn each.
He did already bro! There IS a necessity to stick with IMF atleast this time. Since our exports institutions etc have started standing up. IA, soo, we will not be needing IMF. As IK said in his first speech, Loans are taken once or twice to make things better, previously, loans were taken to pay off loans and also to launder it.
 

expert analysis

Senator (1k+ posts)
Incompetence hy very simple , all three govts were incompetent...apny apny choran bachty hain aur pagal log inka choran buy krty hy
 

tansarbh

Senator (1k+ posts)
35% devaluation k baad....exports increase by 1%.......zabardast.....jootey maaro iskey mu p
Kis k moon pai? NS or AZ?
Un k daor main kabhi suna tha kai exports increase hui hain? Kabhi suna tha k PIA profit main ja rahi hai? Kabhi suna tha k Railway is performing better?

Nahin na? You people are not used to this kind of information. :)
 

iftikharalam

Minister (2k+ posts)
IMF agents are not doing good job. They can't fight for 6bn loan when this money could be retrieved from tourism only. Overseas send 22bn to run this country and the politicians are installing IMF and foreign agents. Imran khan needs to do some soul searching
You need to invest a lot in tourism industry to get this much back. Where is the money and that investment? Ahh yes, in Sharif and Zardari's bank accounts!
 

Dream Seller

Chief Minister (5k+ posts)
IK should try to get loans from friendly countries instead of IMF. If they are only after 6Bn then surely some countries can lend 1or 2Bn each.
Economic hitmen will still hit if you don’t...it’s a scary world we’re living in...IK is being cautious but certain things are inevitable (these aren’t my words but an economic analysis by a learned person which made sense to me) ... Allah knows best
 

Awan S

Minister (2k+ posts)
You need to invest a lot in tourism industry to get this much back. Where is the money and that investment? Ahh yes, in Sharif and Zardari's bank accounts!
If Nawaz looted money last five years why there is not a single case filed by NAB against him. All cases are thirty year old and so far have not found evidence of corruption even in them.
 

Awan S

Minister (2k+ posts)
Exports increased 2% last nine months. During PML(N)'s last year exports increased 12%.
 

ahameed

Minister (2k+ posts)
IMF agents are not doing good job. They can't fight for 6bn loan when this money could be retrieved from tourism only. Overseas send 22bn to run this country and the politicians are installing IMF and foreign agents. Imran khan needs to do some soul searching
How long will it take to make $6 billions from tourism?
 
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