Capacity expansion in industry key to long-term growth momentum: PIAF.

LAHORE -- Chairman Pakistan Industrial and Traders Association Front (PIAF) Mian Nauman Kabir has expressed the hope that the capacity expansion in industrial sector along with remittances' growth and low oil prices will push a longterm growth momentum at fast velocity. In a statement on Wednesday, he said that Pakistan's current export potential is standing at around $26 billion while monthly exports can be lifted to the volumes of around $2.3 billion from present figure of almost $2 billion. He applauded the government to manage keeping primary balance at 0.57 percent, which is a positive sign for the fiscal sector, as the central bank has also expected that the pre-pandemic path of fiscal consolidation will resume as economic activity recovers in coming quarters. Mian Nauman Kabir stressed the need for

extending further facilitation to the business community, especially the small and medium...