AGL 40.14 Increased By ▲ 0.14 (0.35%)
AIRLINK 132.30 Increased By ▲ 2.77 (2.14%)
BOP 6.88 Increased By ▲ 0.20 (2.99%)
CNERGY 4.54 Decreased By ▼ -0.09 (-1.94%)
DCL 8.90 Decreased By ▼ -0.04 (-0.45%)
DFML 42.40 Increased By ▲ 0.71 (1.7%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.99 Increased By ▲ 0.22 (0.67%)
FFBL 76.71 Increased By ▲ 1.24 (1.64%)
FFL 12.06 Increased By ▲ 0.59 (5.14%)
HUBC 109.82 Decreased By ▼ -0.73 (-0.66%)
HUMNL 14.38 Decreased By ▼ -0.18 (-1.24%)
KEL 5.49 Increased By ▲ 0.10 (1.86%)
KOSM 8.25 Decreased By ▼ -0.15 (-1.79%)
MLCF 39.22 Decreased By ▼ -0.57 (-1.43%)
NBP 64.75 Increased By ▲ 4.46 (7.4%)
OGDC 198.61 Decreased By ▼ -1.05 (-0.53%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.64 Decreased By ▼ -0.02 (-0.26%)
PPL 158.81 Increased By ▲ 0.89 (0.56%)
PRL 26.17 Decreased By ▼ -0.56 (-2.1%)
PTC 18.24 Decreased By ▼ -0.22 (-1.19%)
SEARL 81.50 Decreased By ▼ -0.94 (-1.14%)
TELE 8.11 Decreased By ▼ -0.20 (-2.41%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.82 Decreased By ▼ -0.24 (-2.65%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.00 Decreased By ▼ -2.32 (-3.78%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,629 Increased By 222.5 (2.14%)
BR30 31,915 Increased By 201.2 (0.63%)
KSE100 98,906 Increased By 1577.4 (1.62%)
KSE30 30,780 Increased By 588 (1.95%)

The ruling United Business Group of FPCCI has strongly defended the Chief Executive Officer of the Trade Development Authority of Pakistan SM Muneer and said that holding Muneer responsible for sliding exports is unjustified as all the countries have suffered from dwindling external trade due to global recession.
In a statement here on Sunday UBG spokesman Gulzar Feroze said that recession coupled with low oil prices have also damaged commodity market resulting in export losses to almost all the countries including Pakistan but TDAP is criticised to gain political mileage.
He said Prime Minister Nawaz Sharif has put country on path of prosperity and exports will pick up as soon as the energy crisis is resolved which will take less than two years for which business community will unconditionally cooperate with the government. Prices of energy and petroleum products are going down gradually to the benefit of people and industry, he said, adding that business community has rejected BMP in last two elections and politics of mudslinging will not help them in future.

Copyright Business Recorder, 2016

Comments

Comments are closed.