ISLAMABAD – Advisor to the Prime Minister on Finance and Revenue Dr AbdulHafeez Shaikh on Sunday said bad days had now gone as Pakistan was headingfast towards economic stability due to timely and prudent measures taken bythe PTI government.
Addressing a press conference flanked by Federal Board of Revenue ChairmanShabbar Zaidi and Secretary Finance Naveed Kamran Baloch here, he saidthere had been considerable growth in exports with sizable reduction of 73%in the current account deficit, and stable foreign exchange reserves andrupee-dollar parity.
The stock market, he said, had also been stable for the last couple ofweeks. At the same time, the overall revenue collection had also increasedto Rs 580 billion during the first two months of the current year from Rs509 billion of the corresponding period of last year, showing 25 percentgrowth. Due to decline in imports, revenues in that regard were decreased,but domestic revenue collection surged by 40% during the period, he added.
