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!title20.jpg (44181 bytes)Implications 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.


WTO
The 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.


CREDIT RATING
The 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.


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