Pakistan growing despite region witnessing 'negative growth': Azhar

• Pakistan exports witnessed a double digit growth in February 2020, says Azhar.
• Pakistan Consumer Price Inflation (CPI) declined by 1.04 percent in the month of February, 2020 as compared to January 2020.

Pakistan exports witnessed a double digit growth in the month of February, whereas imports showed a significant decline said Federal Minister for Economic Affairs, Hammad Azhar on Monday.

“Year on year exports in the month of February have increased by 13.6pc. Imports have declined by 4pc,” said Azhar, in a series of tweets. “Pakistan's exports are growing at a time when many developing countries, including in our region, are witnessing negative growth,” he added.

Year on year exports in the month of February have increased by 13.6%. Imports have declined by 4%.

Pakistan's exports are growing at a time when many developing countries, including in our region, are witnessing negative growth.

— Hammad Azhar (@Hammad_Azhar) March 2, 2020

The announcement comes amid Pakistan Consumer Price Inflation (CPI) declined by 1.04 percent in the month of February, 2020 as compared to January 2020, it was learnt here on Monday. As per the latest data released by the Pakistan Bureau of Statistics, for the month of February 2020, the rate of inflation in February on yearly basis stood at 12.4pc.

On monthly basis, the Urban CPI recorded a decreased of 1.09pc while Rural CPI recorded a decrease of 0.97pc. Prices of food items such as pulses, fresh vegetables and wheat, which have been the main top drivers of inflation, saw a downward trend on the monthly basis, the bureau said.