Foreign Direct Investment witnesses increase of 111.5%: PM Imran Khan
ISLAMABAD: Prime Minister Imran Khan on Saturday said it was a great achievement of his economic team to turn around the national economy within a year.
In a tweet with facts and figures, Imran Khan said the Foreign Direct Investment witnessed an increase of 111.5 per cent while Foreign Private Investment surged by 194 per cent during this period.
He said Current Account Deficit had gone down by 80 percent during the corresponding period while the remittances increased by 17 per cent.
Similarly, exports registered an increase of 5.9 per cent over the last year while imports decreased by 18.6 per cent.
Pakistan’s economy improving: Abdul Hafeez Shaikh
Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that Pakistani economy was now moving forward on the path of progress and stability.
He was speaking at a luncheon hosted by Pakistan Business Council in the honour of visiting Pakistani economic team in Washington.
Dr Hafeez Shaikh informed the participants about current economic situation of the country and asked them to make investment in different sectors of Pakistan in view of investment-friendly and conducive environment in the country.
Meanwhile, speaking at the Standard Chartered Global Investors Forum in Washington, the Advisor on Finance briefed the participants about prevailing economic situation of Pakistan.
Separately, President Asian Development Bank (ADB) Takehiko Nakao called on Adviser on Finance Hafeez Shaikh in Washington. The ADB has acknowledged the structural reforms undertaken by Pakistan towards economic stabilization.
Nakao said the Asian Development Bank was an important financial partner of Pakistan.
The adviser on finance apprised the ADB president about the steps taken by the government to curtail the current account and capital account deficits effectively.
Hafeez Shaikh also met with Hartwig Schafer, Vice President of World Bank’s South Asian Region and his team. The meeting reviewed the World Bank’s portfolio in Pakistan and exchanged views on further steps to strengthen cooperation between Pakistan and the Bank.