Economic Numbers Showing Better Performance, Right Direction Of Govt: Dr Khaqan
Mohammad Ali (@ChaudhryMAli88) Published January 19, 2019 | 11:13 PM
Doctor Khaqqan Najeeb spokesman Ministry of Finance on Saturday said that during the last six months of the present government, the economic numbers showing better performance and right direction of the government
Talking to APP, Khaqan Najeeb said that remittances growth has increased by 10 percent during the first six months while foreign Investment in December 2018 faired well by 17% compared with December 2017. He said trade deficit in six months shrank by 5 percent and exports grew by two percent, while imports also dip by 2 percent.
He said due to tireless efforts of the present government, the Current Account deficit in first six months dropped by 4.4 percent as compared to the same period last year and pressure on external account is also reducing. "Private sector borrowing reached Rs.496 billion in first six months of CFY compared to Rs 232 billion of same period last year showing a more than double growth", he added.
The spokesman said that during first three months of current fiscal year, agriculture sector borrowing increased by 36 percent to reach Rs. 212 billion compared to same period last year.
To a question, Dr Khaqan Najeeb said that government is presenting Investment and Export Enhancement Package on 23rd January to boost the investment and business process in the country.
He said the government has included suggestions from Stock Exchange, FPCCI and other Chambers of Commerce of the country in this package .
He said poor segments of the country would get maximum relief through this Reforms Package.
He said the government was taking concrete steps to strengthen the economy adding that balance of payment is improving.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
4 hours ago -
Pak-US officials engage to enhance trade, investment ties
5 hours ago -
Stocks fall as tech shares sink, US economy slows
5 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
6 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
6 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
6 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
6 hours ago -
Zhao Shirin calls on Punjab Industries Minister
7 hours ago -
CEO APM Terminals calls on Finance Minister
7 hours ago -
SACM visits GTVC checks attendance register
7 hours ago -
CEO APM Terminals meets Commerce Minister
7 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
8 hours ago