Minister for Industries and Manufacturing Hammad Azhar tweeted on Monday {that a} rally in shares on the inventory market, the appreciation of the rupee, and powerful development in industrial sectors level in direction of a optimistic financial sentiment within the nation.
He stated tax revenues are additionally rising and the nation’s present account can also be in surplus.
In a tweet on October 21, Prime Minister Imran Khan had stated: “We are headed in the right direction finally.”
Rally within the inventory market, appreciation of PKR in foreign money markets, robust development in industrial sectors like Cement, Cars, Building, Fertiliser, Textiles and so forth level in direction of a optimistic econ sentiment within the nation. Tax revenues additionally rising & Present Account in surplus.
— Hammad Azhar (@Hammad_Azhar) October 26, 2020
He stated the nation’s present account steadiness posted a surplus of $73 million throughout September, bringing surplus for the primary quarter of the present fiscal yr to $792 million as in comparison with $1,492 million deficit recorded throughout final yr’s corresponding yr.
The prime minister stated exports additionally noticed a 29 per cent enhance apart from remittances rising 9 per cent over the earlier month.
