ISLAMABAD:

As factories face a “double whammy” of dumped foreign goods and inconsistent domestic policies, Minister of State for Finance Bilal Azhar Kayani on Monday assured that the government would take all feasible industry proposals to the International Monetary Fund (IMF) for consideration to contain the losses.

Addressing a press conference, Kayani said the government would review any workable proposals made by the eight newly constituted business-led working groups. These groups were formed two days after Prime Minister Shehbaz Sharif ordered their creation to prevent the “collapse” of exports and factory closures.

Kayani said the working groups would frame recommendations compatible with the IMF programme, adding that any consensus proposal would be shared with the Fund for impl

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