ISLAMABAD – PTI government has produced a ten-point economic strategy toboost growth in Pakistan.
This will enable to provide backing to Small and Medium Enterprises (SMEs)for job creation and enhancing exports, officials said on Monday.
According to the officials, there was a distinct chance of enrolling inanother International Monetary Fund (IMF) programme, which may contributeto adjusting growth in the medium-term, reports an English daily*.*
The ten-point economic agenda envisages a competitive exchange rate, givingaccess to reliable power and gas supply to exporters, taking trade policydecisions power from the FBR, immediate payment of sales tax refunds andduty drawbacks.
Moreover, this agenda also includes a decrease in tariff on intermediategoods, enhancing access to intermediate goods to exporters, statutoryregulatory order regime, ending of differentiating between commercial andindustrial importers.
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And enhancing connectivity with global value chains and taking advantage ofChina-Pakistan Economic Corridor projects also constitute part of thisten-point agenda.
The Ministry of Finance stated spurring export growth is an essentialelement of breaking the ‘stop-go’ cycle of growth and attaining asustainable high growth rate.
