PM happy over economy U-turn

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Staff Report

ISLAMABAD: Lauding the performance of his entire finance team, PM Imran Khan said that it was a great achievement of his economic team to turn around the national economy within a year.
Taking to the social networking website twitter, PM Imran said that foreign direct investment witnessed an increase of 111.5 per cent while foreign private investment surged by 194 per cent during this period.
He said current account deficit fall by 80 per cent during the corresponding period while the remittances increased by 17 per cent. Similarly, exports registered an increase of 5.9 per cent over the last year while imports decreased by 18.6 per cent.
Earlier on October 2, Prime Minister Imran Khan had chaired a meeting of his economic team in Islamabad.
Current economic situation, economic indicators, tax net, economic reforms, eases of doing business and other issues had been discussed in the meeting. On the occasion, PM Imran had reviewed over all financial situation of the country.
Minister for Economic Affairs Hammad Azhar, Advisor on Finance Dr. Abdul Hafeez Shaikh, Advisor on Commerce Abdul Razzak Dawood, Chairman FBR Shabbar Zaidi and others were present in the meeting.
Meanwhile, Special Assistant to Prime Minister on Information and Broadcasting FirdousAshiqAwan said that the Prime Minister Imran Khan has taken notice of rising inflation and directed to take strict action against profiteers and hoarders.
This was stated by Special Assistant to Prime Minister on Information and Broadcasting while briefing media in Islamabad this afternoon on Friday’s important meetings chaired by Prime Minister Imran Khan, reported by Radio Pakistan.
She said the Prime Minister also expressed anger over the increase in price of sugar. PM Imran Khan also sought suggestions from various ministries to bring down the prices of essential items of daily use. Premier Imran Khan while taking strict notice of rising inflation has directed the authorities concerned to take steps to bring down the price of flour.
Dr Firdous Ashiq Awan asserted that the price of flour increased in Sindh as the provincial government did not make purchase of wheat on time. She said the Prime Minister directed to release 100,000 tons of wheat immediately for Sindh.
Meanwhile, the SAPM Awan said the Prime Minister while chairing another meeting directed to prepare a database of properties of Evacuee Trust Property Board in order to make best utilization of these.
She expressed federal and provincial governments will work together to devise a strategy regarding the Auqaf properties.
On the other hand, Dr Firdous Ashiq Awan said the income of Muslim shrines will be used for facilitation of visitors.