Finance Minister Shaukat Tareen says the country’s economy has started to recover and economic indicators are improving.
According to News reports, Finance Minister Shaukat Tareen called on Prime Minister Imran Khan to present Pakistan’s 2020-21 economic survey. PM Special Adviser on Finance Dr. Waqar Masood, was also present on the occasion. The Economic Survey of Economic Performance for the current financial year 2020-21 has been published.
Finance Minister Shaukat Tareen later in a speech at a ceremony presenting an economic survey with Dr. Waqar Masood, Abdul Razzaq Dawood and Sania Nishtar said this year was marked by the rise of Agha Kovid, but the government wisely removed the effects of Kovid 19. Yes, the government made prudent decisions. The country’s economy has begun to recover and economic numbers are improving, the stock market is doing well in Asia, money transfers have risen to record highs and exceeded 26 billion.
“Roshan’s digital account has reached $1 billion, SBP’s reserves have increased, Amazon has placed us on the reseller list, FBR’s revenues have increased by 50 to 60 percent per month,” said the finance minister. The government has set a tax target of Rs 5800 billion in the new financial year. Large scale production growth was 9% and agricultural growth 2.77%.
Shaukat Tareen said that we import many items due to which Inflation rose, administrative structure needs to be set up to control inflation, current account deficit is reduced and debt is increasing due to the level of policy, total debt is Rs. 38,000 billion and debt has increased by Rs 1,700 billion since last year, while previously debt had increased by Rs 3.7 trillion in 2019-20. Domestic debt is Rs 25,000 billion and foreign debt is Rs. 13,000 billion, Pakistan is likely to get relief at the next FATF meeting.
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