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The Ministry of Finance says that the economy is having better effects and is moving towards recovery.
NA 154, Election Commission withdraws notification of victory of Abdul Rahman Kanjo
The Ministry of Finance released the monthly economic outlook report according to which the remittances from July to March have reached 21 billion dollars.
Domestic exports were 23 billion dollars, imports have reached 38 billion 800 million dollars, current account deficit has decreased to 0.5%.
FBR’s tax collections have increased by 30%, from July to March tax collections have been recorded at 6711 billion rupees, the stock exchange market remained at a high level of 72 thousand 742.
Announcement to regularize 14 thousand SSEs
Inflation has come down to the level of 20.1%, market confidence has been restored, the growth rate in the agricultural sector was 8.5% in the first quarter and 5% in the second.
The report further stated that tractor sales increased by 59.7% in the first quarter and 65.8% in the second quarter, while cotton production doubled with a 34.8% increase.
OGDCL discovered large gas reserves in Sajawal
Industrial production decreased by 0.5 percent from July to February, federal government revenue increased by 51 percent, fiscal deficit continued to widen due to payments, fiscal deficit was 3.0 percent of GDP from July to March.
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