Islamabad, November 17, 2020 (PPI-OT): Prime Minister Imran Khan says at a time when the global economy is being battered by the adverse effect of COVID-19 pandemic, Pakistan’s economy is emerging at a pace rivalled by none in the 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.
The Prime Minister also mentioned 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 are showing positive trajectory and the country’s Current Account balance for the first quarter of FY 20-21 has 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 has also narrowed registering improvement of a 6 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.
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