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Country’s Exports Increased By 10 to 20pc: Governor SBP

LAHORE: State Bank of Pakistan (SBP) Governor Dr Reza Baqir says stabilising the national economy is the government’s priority.

Talking to members of the business community at the Lahore office of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), he said exports have trended upward by 10 to 20 per cent.

Dr Baqir stressed that the private sector’s growth is vital for stability and prosperity in the country and that businesses will not grow without resolving the issues facing the sector.

He said the government wants to see the private sector expand so that new employment opportunities are generated.

The SBP governor emphasised the need for the sector to operate as per rules and regulations.

He also stressed the need for ensuring market competitiveness saying there will be no progress without it.

The governor said exchange rate too is important as the demand and supply situation is kept in view while formulating an exchange rate policy.