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Adviser to the Prime Minister on Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood is highly optimistic about country's economic prospects. He argues that the country's economy is moving towards a right direction and there is declining trend in the trade deficit. He also argues that steps taken by the government have resulted in improvement in the country's foreign exchange reserves. With devaluation of the local currency, there is inflation but the government's top priority is to check inflation and reduce deficit.
Unfortunately, however, he doesn't speak about the number of new jobs that the PTI government has created for the teeming millions in the country. Not only have the global rating and lending agencies taken a dim view of country's economy, the State Bank of Pakistan is not optimistic either.

Copyright Business Recorder, 2019

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