Pakistan’s exports witnessed ‘strong growth’ this year, says Economic Affairs minister

[Dubious]

Pakistan’s exports witnessed ‘strong growth’ this year, says Economic Affairs minister
By Ali Ahmed on November 6, 2019

• Hammad Azhar has said that better economic policies of Pakistan Tehreek-e-Insaf (PTI) government have started bearing fruit.
  
  
  
  
• The foreign direct investment increased 137 percent during the first quarter of current fiscal year.

Minister for Economic Affairs Hammad Azhar said in a tweet on Wednesday that the country's exports increased by 12 percent in the financial year 2018-19, quoting State Bank of Pakistan (SBP) for the source of the data.


The minister further took to his Twitter and said that Pakistan's exports witnessed ‘strong growth' from July-Sep 19 period [i.e. the first quarter of current fiscal year], using Pakistan Bureau of Statistic (PBS) data as evidence.




Hammad Azhar@Hammad_Azhar

Exports volume growth. Exports volumes grew 12% during FY18-19. (Source SBP).
Strong growth witnessed from July-Sep 19 period too this year. (Source PBS).


1,054
12:46 PM - Nov 6, 2019


Earlier, the minister had said that better economic policies of Pakistan Tehreek-e-Insaf (PTI) government have started bearing fruit with decrease in current account and fiscal deficits and increase in foreign direct investment, revenue collection and tax base.

“There has been an increase of 137 percent in foreign direct investment (FDI) during the first quarter of current fiscal year. Fiscal deficit has been reduced by 50 percent in first three months of the financial year. Primary budget balance noted a surplus of Rs 385 billion, foreign investment of $350 million came to Pakistan, and foreign exchange reserves witnessed an increase of $650 million. The registration of tax filers increased by 55 percent," the minister said while addressing a press conference on Tuesday.

The minister further said that that Prime Minister Imran Khan has amicably resolved the Karkey dispute with the help of Turkish President Tayyip Erdogan.


https://www.brecorder.com/2019/11/0...wth-this-year-says-economic-affairs-minister/

 

[halfilhal]

Laholwillakuwat...why no mention of donkey and suar expors to brother China.

 

[Rusty]

Slow but steady!
That is the only way to go

Good job PTI and IK!!

 

[ziaulislam]

Decent job..but lot has to be done..

 

[Areesh]

Laholwillakuwat...why no mention of donkey and suar expors to brother China.

Apni baradari ki bohat fikar hai tumhain. Un ka zikar bhi chahte ho

 

[Flash_Ninja]

Notice that the volume is much higher than the value, just verifies what the govt is saying all along that the economy is actually improving but limited by the Rupee.

Surplus of Rs 385 billion is very impressive, hopefully we can now see IK work on his bigger election promises in the next year.

 

[Imad.Khan]

I have been seeing the same export items listed since i was in grade 9. Same agro and textile based items hold the major chunk of the list. Pakistan will never progress unless the export items are not diversified and the export list doesn't expand.