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‘Escalating import bill to exert pressure on forex reserves’
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has warned that without immediate structural interventions, the continuous pivot to expensive imports to meet domestic demand will further exhaust the national exchequer and trigger a severe balance of payments crisis. Voicing profound alarm over the unchecked expansion of Pakistan’s trade deficit during the first quarter of the fiscal year 2026-27 (Q1 FY27), he responding to the latest official figures released by the Pakistan Bureau of Statistics (PBS), he cautioned that the escala...
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