Pakistan’s Exports Have Increased By 12%, As Per Minister for Economic Affairs

“There has been an increase of 137 percent in foreign direct investment (FDI) during the first quarter of the current fiscal year.''

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

 

He further took to Twitter to say that exports of the country have seen a big increase from July-September 19 period, the first quarter of the current fiscal year.

 

 

Previously, the minister had said that the economic policies of the incumbent government had started to show the result as a decrease in the current account and fiscal deficits and an increase in foreign direct investment, revenue collection and tax base was observed.

“There has been an increase of 137 percent in foreign direct investment (FDI) during the first quarter of the current fiscal year. The fiscal deficit has been reduced by 50 percent in the 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 on Tuesday while addressing a press conference.

He also said that Prime Minister Imran Khan and Turkish President Tayyip Erdogan have cordially resolved Karkey’s dispute.

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