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Pakistan: Overall exports likely to reach $27 billion February 11,2019   |  Source: The International News

The business community is optimistic about the country’s overall exports and expects it will reach $27 billion during the current fiscal year.
Speaking at the inaugural ceremony of the International Maritime Seaboard Exhibition at the Federation House, United Business Group Patron S M Muneer said this is likely because of the reforms introduced by the government, which provided the export-oriented industry much-needed space.

The event, organised by the E-commerce Gateway, is scheduled to start from March 5, 2019. To recall, Finance Minister Asad Umar unveiled a package of measures to boost exports and investment last month. Measures include enhanced ease of doing business, lower taxes for small and medium-sized businesses and cutting taxes on imports of industrial raw materials.

Talking about maritime industry, Muneer said that Pakistan was only earning foreign exchange worth $500 million from its maritime sector, adding that if the business community was facilitated, this number could increase to $2 billion, as the businessmen would direct their resources towards profitable avenues.

FPCCI President Daroo Khan said that the chamber would support the government in its endeavour to strengthen economy and urged to reactivate Marine Investment Board to develop the coast

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