KARACHI: To understand and provide suggestions on the economic challenges, the Hamdard Foundation held a session on “Country’s chaotic economic situation, how is improvement possible?” here.

The foundation president, Sadia Rashid, retired Justice Haziq-ul-Khairi, economic expert Mahmood Arshad and many others participated.

Mr Arshad said that Pakistan had been trapped in a vicious circle of external loans due to a consistent trade deficit.

“The country has to borrow from international financial institutions in order to meet its financial obligations on imports. Pakistan’s imports have gradually increased over time, whereas our exports remain stagnant, which is a matter of concern. Pakistan needs concrete steps to boost exports,” he said.

Published in Dawn, July 2nd, 2022

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.