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ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that the country was heading toward economic stability owing to the effective policies and the government will soon overcome the economic challenges facing the country.
While talking to Governor State Bank, Reza Baqir today, Qureshi said that the increase in foreign exchange amidst the COVID-19 epidemic reflects overseas Pakistanis’ trust in the economic policies of the current government.
FM Qureshi informed that the agriculture sector was included in the China-Pakistan Economic Corridor (CPEC) projects as the country would increase its cotton production through modern technology with the assistance of Beijing.
He also stressed extending further facilitation to the business community, especially to the small and medium entrepreneurs, so that they were encouraged and did not face any financial issues.
Appreciating the SBP policies, he stressed upon giving special focus to further increasing the close coordination among all the relevant inter-provincial authorities and the departments in this regard.
FM Qureshi said that the continuation of GSP Plus status for Pakistan by the European Union (EU), appreciation of rupee against the US dollar, and other economic indicators signify that the national economy is heading in the right direction.
The minister said, “Pakistani ambassadors are diligently highlighting investment opportunities in the country as well as the government’s business-friendly policies across the globe through economic diplomacy.
Reza Baqir briefed the foreign minister on the SBP’s performance, increase in foreign exchange and other economic indicators.