$10 billion economic success for PTI government in first year, courtesy former finance minister Asad Umar
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ISLAMABAD - PTI government $10 billion economic success has been revealed by All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz.
He has expressed hope that the current account deficit would be down to zero within two years if the monetary policy remains tight and exports are encouraged through new investments.
He said the overall imports may end up at $53 billion while exports at $24 billion, adding that this would reduce the trade deficit to $29 billion at the end of the current fiscal year.
“Remittances worth $22 billion would further reduce the current account deficit to $7 billion by the end of the current fiscal, down from $17 billion last year,” he maintained.
He said exports were recorded at $17.1 billion while imports at $40.7 billion in March 2019
