ISLAMABAD: Prime Minister Imran Khan appreciated his team on Saturday for turning around the national economy within a year with the indicators showing considerable increase in foreign direct investment, exports and remittances, besides a sharp decline in current account deficit.
In a series of tweets, the Prime Minister shared some data graphs indicating that the foreign direct investment had increased by 111.5 per cent and the foreign private investment by 194 per cent during one year.
The current account deficit was recorded at 41 months low in September from US $1.27 billion to US $259 million. The country’s exports surged by 5.9 per cent and imports declined by 18.6 during a year.
When the PTI government took power, Pakistan had the biggest current account and fiscal deficit. Both current account and fiscal deficits in 2018 stood at US $18.25 billion and 2.26 trillion PKR (Pakistan Rupees) respectively, the highest ever in Pakistan’s history.
Similarly, reposing trust in the government’s economic policies, the overseas Pakistanis had sent far more remittances as the indicators showed 17.6 per cent increase in remittances during September this year.
Saad was of the view that the battle of politics should be fought solely through political means
KP govt decided to develop gemstone business as a formal export sector and cluster at the Namak Mandi would be...
Khyber Pakhtunkhwa Minister for Higher Education, Archives, and Libraries, Meena Khan Afridi. — APP FilePESHAWAR:...
Vehicles and horse carts passing through flood water at Bara Bazar area on Khuwani bridge after heavy rain in Peshawar...
Amid the failure to revive the cash-bleeding PIA, government is left with no other option but to sell it to any...
Picture showing the Silver Jubilee Gate of the University of Karachi. — APP File KARACHI: The University of Karachi...