The Prime Minister's plan for the development of the country's industry worked Extraordinary increase in export orders orders receiv...
Extraordinary increase in export orders orders received by Bangladesh and India began to reach Pakistan
Islamabad (10bmnews Latest News) The Prime Minister's policies for the development of the country's industry have been successful. Orders received by Bangladesh and India began to be received by Pakistan. According to the details, great good news has come out regarding the country's economy. The Prime Minister's plan for the development of the country's industry has been worked out. People associated with the textile industry are satisfied with the government's measures.
An extraordinary increase has been recorded in export orders. Orders received by Bangladesh and India have started diverting. It has been reported that orders which used to be received by Bangladesh and India are now being received by Pakistan. Industrialists say the prime minister has fulfilled promises made to the textile industry.
The announcement of cheaper electricity further boosted the confidence of exporters.
While Federal Finance Adviser Abdul Hafeez Sheikh has said that Pakistan's current account balance has become a surplus of 792 million. In the first two years, the current account deficit was reduced from 20 to 3 billion dollars. Now the rupee has stabilized. He took Rs 5000 billion in interest on past loans adding that the economy is growing rapidly due to government measures. I want to tell you where our economy stands how we are trying to bring the benefits of economic recovery to the people. When the government came there was an economic downturn he told a press conference with Information Minister Shibli Faraz. Had to go to the IMF go to the IMF only when the economy is in crisis.
Taxes increased by 17% the gap between income and expenditure was widened, the business community was given incentives the economic situation improved and exports increased. But when the corona virus came the economy was hit 1000 billion financial aid was given wheat purchase package was given 150000 people were given cash. The financial adviser said that at that time our external economic growth improved Yes the current account deficit was 20 20 billion it dropped to 3 billion in two years now there is a surplus of 792 million the internal deficit was more than our expenses but we reduced the expenses increased the taxes, which Didn't borrow