PM Imran : Will be forced to approach IMF again if exports don’t rise

Insight Online News

Islamabad, Jan 12 : Pakistan Prime Minister Imran Khan said on Tuesday that his government will be forced to approach the Interna­tional Monetary Fund (IMF) again if the country’s exports did not increase sharply, Dawn reported on Wednesday.

Khan said this while addressing the inaugural ceremony of 14th International Chambers Summit 2022 organised by the Rawalpindi Chamber of Commerce and Industry.

He stressed that exports and increased tax collection were main driving agents to boost the country’s economy and his government was making strenuous efforts to remove hurdles and bottlenecks faced by exporters, investors and businessmen to help increase the country’s exports.

Khan also stressed on developing a tax culture in Pakistan like the Scandinavian countries which have the highest tax ratio and claimed that record tax revenues of Rs 6,000 billion had been collected in Pakistan this year.

Khan also tried to present a rosy picture of what he called “improving economy” and said all economic indicators were showing upward trends despite inherited economic crunch, impact of Covid-19 and “imported inflation” (due to price hike of food items in international market).

The prime minister claimed that the steps taken by his government to combat coronavirus and keep businesses open were being followed by United Kingdom’s Prime Minister Boris Johnson.

UNIINDIA

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