Pakistan can achieve rapid growth by cutting tax rates, offering incentives to investors

Output drops due to depletion of reserves, no big find in a decade

IT minister says government aims to increase IT exports to $5b by 2023

Allows non-resident Pakistanis to invest in UK pound and euro besides US dollar, rupee

Uptrend may increase inflation, import bill and widen fiscal deficit in economy

Deficit came due to increase in food, industrial raw material imports

Rise comes on back of revival in investors confidence, improving economic activity

Banks will first block requested bank account, then extract details of fraud

Increase comes on back of rising expenditures amid Covid-19

Jump comes on back of growing demand for local consumption and exports