ISLAMABAD: Ministry of Commerce released following economic indicators of Fiscal Year 2019-20. Fiscal deficit is down from 1.4pc of GDP to 0.7pc of GDP in 1Q (July-Sep).
- Goods exports in dollar value are up by 4.8pc, trade deficit down by 34.42pc in July-Nov.
- Exports up by 9.6pc in November 2019 & trade deficit down by 35.50pc (source; Ministry of Commerce)
- Current account deficit down by 73.5pc (July-Oct)
- Foreign Direct Investment up by 238pc (July-Oct)
- Portfolio Investment of $1.14 billion till Nov 2019
- Stock Market (KSE-100) 11300 points and gained 39pc since 19 August 2019 making it the best performing stock market in the world in last 4 months.
- SBP’s foreign exchange reserves increased by $1.4 billion in this financial year till Nov 22, 2019.
- Ease of Doing Business rank improved by 28 points from 136 to 108.
- For this year, tax return filers reached 1.59 million, 50pc increase compared to last year.
- FBR tax revenue up by 17pc in 5 months (July-Nov).
- New circular debt 68pc down from Rs38 billion per month in 2018-19 to less than Rs12 billion month currently.
- PSDP (Public Sector Development Programme) releases mechanism streamlined, 50 pc funds for this fiscal year are approved and released.
