Pakistan better at global trade finance


KARACHI: Pakistan is better than Bangladesh and Sri Lanka at Global Trade Finance (GTF) but she could get much better by following effective measures on Balance of Payment, said speakers at a seminar on “Global Trade Finance” organized by Students of Commerce, University of Karachi (KU) at Karachi varsity on Thursday.

Dr.Farooq Sattar as chief guest addressing the students advised them “depend on your abilities for all time and never rely on financiers”. Always speak for your rights and do plan not only for your future but also for Pakistan. He also congratulated students and teachers of the department on organizing the enlightening event on GTF.

Faisal Sarwar, Assistant Director Treasury Operations department of State Bank of Pakistan said that Pakistan had focused always on import side and so less on export adding that Japan was only country which runs in surplus.

He said that Pakistan had reserves around $16bn if she was not indebted country the reserves were enough for being economically stable.

Now, inflation is on decline path after higher level, he added. Dr.Abdul Jabbar Khan, Senior Journalist, focused on macro and micro economic issues of the country and to apply acumen regarding economics and finance to trace their roots and find effective solutions to them.

On the occasion, EVP Summit Bank, Iqbal Munshi; SDC Senior Trainer and consultant SSGC, Imran Qadri, Mirchawala house of accountancy, CEO Subhan Ahmed and Head of Trading Finance Summit Bank, Ali Najmi also shared their experiences.

SOURCE: APP

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