Indicators signify economy heading in right direction: Qureshi

Foreign Minister Shah Mahmood Qureshi has said that increase in foreign exchange amid coronavirus pandemic reflects overseas Pakistanis’ trust in the economic policies of the current government.

Talking to State Bank Governor Reza Baqir on Friday, Qureshi noted that the continuation of GSP Plus status for Pakistan by the European Union (EU), appreciation of PKR against the US dollar, and other economic indicators signify that the national economy is heading in the right direction.

The minister said that Pakistani ambassadors are diligently highlighting investment opportunities in Pakistan as well as the government’s business friendly policies across the world through economic diplomacy. He expressed confidence that the government will soon overcome the economic challenges facing the country.

Reza Baqir briefed the foreign minister on the SBP’s performance, increase in foreign exchange and other economic indicators.

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