ANL 14.75 Increased By ▲ 0.18 (1.24%)
ASC 14.00 Increased By ▲ 0.45 (3.32%)
ASL 15.10 Increased By ▲ 0.50 (3.42%)
BOP 8.60 Increased By ▲ 0.18 (2.14%)
BYCO 6.69 Increased By ▲ 0.19 (2.92%)
FCCL 18.80 Increased By ▲ 0.70 (3.87%)
FFBL 26.50 Increased By ▲ 0.20 (0.76%)
FFL 11.19 Increased By ▲ 0.04 (0.36%)
FNEL 10.89 Decreased By ▼ -0.01 (-0.09%)
GGGL 15.70 Increased By ▲ 0.45 (2.95%)
GGL 32.11 Increased By ▲ 0.31 (0.97%)
HUMNL 6.35 Increased By ▲ 0.14 (2.25%)
JSCL 17.26 Decreased By ▼ -0.03 (-0.17%)
KAPCO 33.25 Increased By ▲ 1.85 (5.89%)
KEL 3.23 Increased By ▲ 0.02 (0.62%)
MDTL 2.27 Increased By ▲ 0.07 (3.18%)
MLCF 36.45 Increased By ▲ 2.34 (6.86%)
NETSOL 102.16 Increased By ▲ 3.66 (3.72%)
PACE 4.40 Increased By ▲ 0.14 (3.29%)
PAEL 23.55 Increased By ▲ 0.40 (1.73%)
PIBTL 7.70 Increased By ▲ 0.10 (1.32%)
POWER 6.76 Increased By ▲ 0.11 (1.65%)
PRL 13.93 Increased By ▲ 0.23 (1.68%)
PTC 9.07 Increased By ▲ 0.20 (2.25%)
SILK 1.35 No Change ▼ 0.00 (0%)
SNGP 41.80 Increased By ▲ 1.09 (2.68%)
TELE 16.93 Increased By ▲ 0.50 (3.04%)
TRG 90.51 Increased By ▲ 3.66 (4.21%)
UNITY 25.30 Increased By ▲ 0.10 (0.4%)
WTL 2.15 Increased By ▲ 0.01 (0.47%)
BR100 4,665 Increased By ▲ 4.73 (0.1%)
BR30 18,674 Decreased By ▼ -129.79 (-0.69%)
KSE100 45,072 Decreased By ▼ -257.67 (-0.57%)
KSE30 17,430 Decreased By ▼ -120.87 (-0.69%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,728
1024hr
Pakistan Cases
1,284,840
47524hr
1.12% positivity
Sindh
475,616
Punjab
443,094
Balochistan
33,479
Islamabad
107,689
KPK
179,995
Pakistan

Economy on path of development: Farrukh

  • State minister Farrukh Habib shares remittances and export figures to convey economy's position
22 Oct 2021

Minister of State for Information and Broadcasting Farrukh Habib said on Friday that the national economy was on the path of development under the leadership of Prime Minister Imran Khan.

In a tweet, the minister said that in the first quarter of the current financial year, remittances increased by 12.5% and stood at $8 billion whereas exports increased by 38%.

He said that the FBR has collected Rs1,395 billion in taxes in the first quarter, up by 38 percent.

Farrukh said that textile exports rose by 28% to the US $4.437 billion whereas exports have risen by 42.7% to the US $635 million.

"After 30 years, a prime minister has turned his attention towards the agriculture sector and surplus produce would ensure Pakistan’s food security," he said.

The minister also said that sugarcane production was expected to increase by 25%, maize by 18%, cotton by 60%, and rice by 18%.

Relief could be seen through lower prices of essential commodities: Fawad

He hoped that next year wheat production would also increase.

On Wednesday, stressing that the impact of the increase in energy prices would be felt less by the public as rates of essential items are on a decline, Information Minister Fawad Chaudhry had said that if the downward trend continues, there would be some relief for the masses.

Asad Umar says inflation expected to remain high till at least March

Fawad said that sugar prices were coming down and would reduce further once the crushing season begins.

However, earlier this week, Minister for Planning, Development, and Special Initiatives Asad Umar had said that it could take at least five months for the increase in global commodity prices to head towards normalcy.

However, Umar said that a programme has been prepared to extend targeted subsidies on essential commodities to the marginalised segments of society.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.