Pakistan’s economy emerging faster than any other country in region: PM Imran
ISLAMABAD: Prime Minister Imran Khan on Tuesday said at a time when the global economy was being battered by the adverse effects of COVID-19 pandemic, Pakistan’s economy was emerging faster than any other country in region.
Chairing a meeting to review the economic situation in the country, the prime minister reiterated the government’s resolve to improve the macro-economic condition of Pakistan, besides ensuring its trickling down effects at the grassroots level for the well-being of the populace.
He also highlighted the unprecedented steps taken by the government for ease of doing business and emphasized on moving further in the direction to improve exports.
Minister for Economic Affairs Makhdoom Khusru Bakhtiyar briefing the meeting said the major indicators were showing positive trajectory and the country’s Current Account balance for the first quarter of FY 20-21 had registered a surplus of 792 million dollars as against a deficit of 1,492 million dollars in the same quarter last year.
He said the balance of trade had also narrowed registering improvement of a six percent during the same period. He said the exports maintained positive momentum despite challenges while the imports were brought down significantly.
The minister said workers’ remittances during the first four months of FY 2021 were 9.4 billion dollars as against 5.452 billion dollars in the first quarter last year, registering a strong growth of 26.5 percent.