Pakistan News

Tarin tries to allay fears, says exports and remittances will help reduce trade gap

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday tried to allay fears over the state of the economy and said that Pakistan's exports and remittances will help to reduce the country's trade gap.

Speaking to the media in Islamabad alongside Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood, Tarin said that the current inflation in the country was "imported".

"India is also facing the same situation. Their trade deficit is $20 billion today compared to $10bn ten years ago. And the reason for that is price escalation," he said.




He said that 72 per cent of the increase in petrol prices could be attributed to an escalation in global prices. He added that the Covid-19 pandemic also had an impact.

More to follow

Similar News
Recent News
Back to top