Govt targets $60b exports in five years

Finance Minister Muhammad Aurangzeb on Tuesday said that the government has set a target of doubling the exports from $30 billion to $60 billion over the next three to five years.

In an interview with Bloomberg, the finance minister highlighted economic progress over the past 12 to 14 months, saying that the government has taken crucial steps to curb inflation and reduce interest rates.

He said that foreign exchange reserves have been stabilised, adding that privatisation efforts will be accelerated to enhance efficiency in state-owned enterprises (SOEs).