Question # 1Annexed are the news/article and one of which is assigned to you for understanding and interpreting the same with respect to impact on following macroeconomic indicators of Pakistan's economyGDPGNIBalance of PaymentNet ExportsM1 & M2 supply in the countryPersonal Disposable IncomeYou are required to define and clarify the macroeconomic term/indicator before explaining the impact of news on that particular indicator.What would be the impact of news on your personal life as well?Marks 12Question # 2Attach one news/article having macroeconomic aspect pertaining to the country assigned to you other than Pakistan and interpret the news with respect to two important macroeconomics variables except mentioned above (e.g, Foreign Debt, Gross capital formation etc.)Marks 3
Annex-III APTPMA thanks PM for approving textile pol'g 2020-25 FAISALABAD: All Pakistan Textile Processing Mills Association, (APTPMA) thanked the PM Imran Khan for approving a progressive and innovative textile policy 2020-25 and congratulated Advisor for Commerce 8: Investment Abdul W and Finance Adviser mAbdul ame; Shaikh on approval of the ve year textile policy despite enormous odds, Covid19 pandemic, and resource constraint, which is a healthy augury for textile industry of Pakistan and said it is a right step in the right direction. The policy is textile-friendly, investment-friendly, and export-oriented, and opined that the incentives being given by the mm boost the textile industry will prove benecial for all textile industrial investment. It will also be helpful for our domestic and export industry and reduce cost of production for whole of the textile industry which will enable us to boost our export drive and strengthen our business in international markets. This was learnt through a Press Release issued by the APTPMA H.0. Secretariat, Faisalabad. landing on the salient features envisaged in the new Textile Policy, the APTPMA Chairman, Zulqar Ali Chaudhry and Senior Vice Chairman, Belgian Ashraf spelt out these measures as under: In the policy, it has been proposed to provide electricity at 7.5 cents instead of 9 cent for the textile sector, followed by RLNG at $6.5 per might]; and domestic produced gas at R3786 per mm The policy aims to reduce the input cost of textile and clothing sector and make it competitive with the regional players. The proposed package carries special duty-drawback rates, mm of duty on textile value chain and subsidy on long-term loans and development subsidies. The focus of the policy is to enhance the productivity and competitiveness of the textile sectors. The APTPMA oice-bearers said that prior to its nal approval by the cabinet it must be ensured that incentives] relief being announced in the policy should cover all indirmt and direct exporters and we assures the government that implementation of the textile policy in letter and spirit will ensure the doubling of textile exports from $ 13 billion to $ 26 billion in next ve years. He said that now all textile sectors should pay their all attention to improve their production and export to remove unemployment and uncertainty from our country. Concluding, APTPMA Chief once again thanked PM Imran Khan and his team on approval of the textile policy and said that the forthcoming Textile Policy could prove benecial and meaningful if only its stipulations are spelt into action in letter and spirit by all the stake holders.-PR
