ISLAMABAD: Dr. Khaqan Najeeb Advisor & Spokesman Ministry of Finance says that government is developing an investment promotion & industrial competitiveness package. Enhancing exports and supporting both domestic & foreign investors are key elements of policy package to be announced on Jan 23, 2019
Talking to APP, he said that during the last six months of the present government economic numbers are showing better performance and right direction of the government.
Dr. Khaqan Najeeb said that remittances growth has increased by 10 percent during the first six months while foreign investment in December 2018 faired-well by 17% compared with December 2017.
He said trade deficit in six months shrank by 5% and exports grew by two percent, while imports also dip by 2 percent. He said due to un-tired efforts of the present government current account deficit in first six months dropped by 4.4 percent as compared to same period last year and pressure on external account is also reducing.
“Private sector borrowing reached Rs.496 billion in first six months of CFY compared to Rs 232 billion of same period last year showing a more than double growth” he added.
Spokesman said that during first three months of current Fiscal Year agriculture sector borrowing increased by 36 % to reach Rs. 212 billion compared to same period last year.
To a question, Dr Khaqan Najeeb said that government is presenting Investment and Export Enhancement Package on 23rd January to boost the investment and business process in the country.
He said the government has included suggestions in this package came from Stock Exchange, FPCCI and other chambers of commerce of the country. He said poor segment of the country would get maximum relief through this Reforms Package.
He said government was taking concrete steps to strengthen the economy adding that Balance of Payment is improving.
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