*KARACHI: Prime Minister’sAdviser for Trade Abdul Razak Dawood has saidthat the government’s decis**ions have positive impact on the economy.*
The government adviser talking at a gathering said that the imports havedecreased while exports enhanced due to the decisions of the government.
Decreasing imports have saved the country an amount of two billion dollars,Dawood said. The trade deficit also goes down by two billion dollars incomparison to the previous year, the adviser said.
He said imposition of import duty on non essential items have benefited theeconomy. A ban on the import of furnace oil has also added strength to theeconomy.
He said the government’s economic decisions have positively affected theeconomy.
He called four percent increase in exports in seven months not a big dealand hoped that devaluation of rupee will help increasing the exports addingthat further devaluation of rupee is not necessary.
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Dawood said Pakistan spends three billion dollars’ on import of edible oilevery year and the government has to take steps in this respect.
Pakistan’s cement exports have enhanced by 50 percent, while the localdemand of cement has decreased, the adviser said.
He denied talks with IMF over hike in gas and electricity tariffs, ”surprised to see such news in the media,” Dawood added.
