Recent financial reports show that Pakistan is steadily, but surely, movingtowards recovering from the Coronavirus’s impact on the world’s economy.

Key economic indicators such as remittance growth, foreign directinvestments (FDI), and tax collection numbers have all shown signs ofimprovement. In the first quarter of the financial year 2020-21 (FY20-21),Remittances have grown by 26.5 percent, FDI rose up to 9.1 percent, and taxcollection has been up by 4.5 percent. The primary balance has had asurplus of 258 billion rupees.

July-October 2020 has reported a significant rise in sales of cars,motorbikes, and tractors as well, according to official APP reports. ThePTI governments, “prudent and timely policies,” have made it possible tostart large-scale manufacturing back up again, which has caused a growth of4.8 percent.

The upward trend in foreign remittances and FDIs has given consumers moreconfidence in the economy of the country, a recent survey shows.

The PTI government has put in many pillars to strengthen the fiscalsituation of the country in these recent times. Pakistan’s Ease of DoingBusiness (EoDB) ranking has gone up from 147th to 108th in the last twoyears. PM Imran Khan also facilitated farmers in these trying times bysigning a 24-million-rupee package to cut input costs for farmers. He alsoset up relief packages for small-and-medium-sized enterprises (SMEs) tohelp their owners out during locked down conditions. 15 million familiesacross the country also received the 12,000-rupees immediate cash reliefpackage courtesy of the Ehsaas Emergency Cash Programme put in place by thegovernment.

Hammad Azhar, the current Federal Minister of Industries and Production,posted a tweet sharing this data: