Thursday, September 29, 2022

Pakistan’s currency is stabilizing, says Razak Dawood

Pakistan’s currency is stabilizing, says Razak Dawood
ISLAMABAD (92 News) – Adviser on Commerce Abdul Razak Dawood has said that Pakistan’s currency is stabilizing, saying power shortfall has ended and now we have surplus energy. Speaking at a dialogue on Industrial Cooperation under China-Pakistan Economic Corridor (CPEC) in Islamabad, the adviser said due to exports-led growth strategy, the value of rupee is stable and exports are increasing. “The country’s economy is on upward trajectory as a result of prudent policies of the government and conducive environment for the business community,” he maintained. Razak Dawood said that the industries being set up in Gwadar under (CPEC) will bolster export volume of the country. On the occasion, Chinese Ambassador Yao Jing said the expansion of CPEC cooperation in science, agriculture and education will benefit the general public of Pakistan. He stressed that better policy making, infrastructure facilities and industrialization can lead the country to growth and development.