Pakistan expects exports of over $24b in 2011-say Hafeez Sheikh

Finance Minister Abdul Hafeez Sheikh has Wednesday said his ministry was anticipating export to cross twenty-four billion dollars during the current fiscal year, adding that more sectors will have to be brought under taxation for the betterment of the levy system, Geo News reported.

He was addressing a press conference here. He said the export has been estimated to reach over 24 billion dollars this year, hoping that crops export will surge this year owing to acute cut in production across the globe.

“Government faced loss of twenty billion dollars due to withdrawal of hike in POL prices some days ago,” he said. Inflation is directly linked to loans the government is seeking from central bank,” he underlined.