Hammad Azhar voices concern over declining imports, exports after Coronavirus outbreak

March 27, 2020: Federal Minister for Economic Affairs, Hammad Azhar has voiced concern over declining imports and exports of the country. Expressing these views in a private tv channel program, he said the volume of imports and exports was diminishing due to fighting against coronavirus pandemic encircling almost all the nations around the world.

He said that the government was monitoring the evolving situation day by day due to coronavirus outbreak in the region. 

          About depreciating the value of Pakistan's currency, the minister said that in many countries, the representatives of the banks were confronted with devaluing issues of their currency against the dollar.

          To a question about the current situation of the loan in Pakistan, he said that we were in contact with the world bank, international monetary funds (IMF), Asian Development Bank (ADB), and other conventional banks for seeking assistance regarding writ off the facility of debt for underdeveloped nations.

           “We will have to approach to international banks, ADB and IMF, for availing $600 million loans besides, one and half billion rupees from other conventional banks to meet uprising challenges, ” he stated.

APP

Posted on: 2020-03-27T18:00:00+05:00

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