of the downward revision in various economic targets including the
exports target from $10 billion to $9.2 billion, GDP growth rate from
4.5 per cent to 3.5 per cent, drastic cut in agriculture targets due
to persistent drought have to make their impact on the forthcoming
budget 2001-2002. These indicators portray a tough time to the
financial experts to give a consolatory budget to the people already
hit by the inflationary pressures and depressed economic conditions
prevailing in the country. Active players in the export sector are not
hopeful of meeting the revised target of $9.2 billion this year, the
economic managers are however meeting this week to discuss weaker
areas of the export sector.
EPB organized a seminar to inform the local business community about
the various agreements under WTO and their implications for Pakistan.
However, the consensus at the seminar was that these articles are
tilted towards developed countries and developing countries have to
join their hands to reap the benefits of globalization.
days of soft term loans are now a history. Now the people soliciting
funds have to convince the investors about their business plans.
Credit rating of corporates or a financial product help the local
investors in making informed decisions and the corporates in
mobilizing funds from international markets.