An In­cen­tive Pack­age

Enterprise - - Letters -

Prime Min­is­ter Nawaz Sharif re­cently an­nounced a os. 180-bil­lion in­cen­tive pack­age for ex­porters in an ef­fort to give a cush­ion to the dwin­dling ex­ports of the coun­try. He made the an­nounce­ment at a cer­e­mony where lead­ing ex­porters of the coun­try and gov­ern­ment of­fi­cials were present. Tex­tile in­dus­tri­al­ists of the coun­try had de­manded the in­cen­tive pack­age as they were los­ing com­pet­i­tive edge in the in­ter­na­tional mar­ket be­cause of high cost of goods pro­duc­tion. Pak­istan’s trade deficit widened 22.2 per­cent or $14.R bil­lion in the first half of the cur­rent fis­cal year due to the fall in ex­ports and dou­ble-digit growth in im­ports. Ex­ports dropped 3.82 per­cent to $9.9 bil­lion in July-De­cem­ber FY17.

Adeel Javed Toba Tek Singh

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