ISLAMABAD: The latest economic reports have shown a positive trajectory of Pakistan’s economy with improved indicators in different sectors especially agriculture.
According to a Radio Pakistan’s report quoting statistics for the current fiscal year by Asian Development Bank, State Bank of Pakistan and Pakistan Bureau of Statistics, growth rate of agriculture sector remained more than 7 percent due to bumper produce of wheat, rice, corn and cotton.
Pakistani rupee also witnessed stability against dollar and bullish trend was observed in Pakistan Stock Exchange. Due to increase in remittances sent by the Pakistanis abroad, the current account increased by 619 million dollars.
Current account deficit decreased by 87.5 percent to 0.5 billion dollars, helping the State Bank maintain foreign exchange reserves of eight billion dollars.
Asian Development Bank foresees a significant decline in inflation rate from 25 to 15 percent by next year if the economy continues to run at the same ratio.
It merits mention that Special Investment Facilitation Council (SIFC) has made major efforts at the policy level to steer the economy on the right track thus yielding positive results.
