Aid package and other measures by govt are journey to improve economy

  • Global Coronavirus is improving economic and social indicators related to the aid package and other measures announced by the government and the economic recovery of the country.
  • workings of various sectors show that there are more incidents in the country before the production code of major industries.
  • In March 2021, remittances to overseas Pakistani stores reached  2.7 billion, up 43 percent year-on-year, from 1.9 billion in March.

Aid package and other measures by govt are journey to improve economy

Measure by GOVT in  improvement of economy

The global Coronavirus is improving economic and social indicators related to the aid package and other measures announced by the government and the economic recovery of the country. Large-scale industrial production is increasing which has increased business confidence.

As the prospects for economic recovery are increasing, the SBP’s recent monetary policy in FY 2021 is likely to be higher than previously thought. Sources said that there are fears of a slowdown from the third wave, although the government has decided that economic restoration of the standard operating procedures (SOPs) is underway, maintaining a balance in the external arena۔ And it helped ease inflationary pressures.

According to the country’s agriculture, the workings of various sectors show that there are more incidents in the country before the production code of major industries.

In February, the output of the country’s major industries increased by 4.85 percent. In the first eight months of the current financial year, the output of major industries in the country had increased by 7.45 percent in the same period of the financial year. On August 9, Bangladesh’s price-sensitive index rose 9.1 percent year-on-year in March. Complaints were 10.2 percent in March this year. ۔

In March 2021, remittances to overseas Pakistani stores reached  2.7 billion, up 43 percent year-on-year, from 1.9 billion in March. Remittances increased by 20% in March compared to February 2021. In the first nine months of the current financial year, remittances to overseas stores in Pakistan stood at 21.5 billion, up 26.2 percent from the same period last year.

According to sources, in the second week of April, the volume of domestic foreign exchange reserves reached  23 billion. The Federal Board of Revenue’s revenue had increased by 10% in the fiscal year nine months before the current fiscal year, to  3394 billion in FBBR revenues during the July-Lecturer period. RK’s revenue was recorded at Rs 3,076 billion. In the first nine months of the current financial year, the FBR has collected a large amount of revenue close to Rs 100 billion from the target.

At the government level, government spending cuts and conflict-awareness policies have also been severely curtailed. The fiscal deficit for the July-January period was 2.9 percent of GDP, and Thailand’s primary balance was in excess. Is facing It increased by 0.9%. In the first 7 months of the current financial year, total expenditure increased by 0% as usual.

During this period, the volume of Mustafa was recorded at 3665 billion, the total expenditure was recorded at 3658 billion in the same period of the financial year. The rate of increase in current expenditure was 3.2%. Official sources have made it clear with all these indications that they are on the path to economic recovery and more will come.

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