ISLAMABAD: Shaukat Tarin is presenting the Financial Survey of Pakistan 2021.
The minister opened his press briefing by talking extremely of Prime Minister Imran Khan’s insurance policies in combating the coronavirus pandemic.
He mentioned many individuals misplaced their jobs when the pandemic hit Pakistan, nevertheless, as a result of prime minister’s visionary coverage of not imposing an entire lockdown throughout the nation, thousands and thousands of people that have been unemployed have been employed once more.
“The economy is recovering,” he mentioned.
Tarin mentioned Pakistan’s remittances had damaged information, including that they’d crossed $26bn. He mentioned that these days imports, particularly meals within the type of wheat and sugar, have been rising as Pakistan’s economic system was rising on the identical time.
“We were net exporter of food but now, we have become a net importer,” he mentioned. “Our exports registered a growth but our remittances
Earlier, the finance minister called on PM Imran Khan where he spoke to him about the survey. Special Assistant to the Prime Minister on Revenue Waqar Masood was also present in the meeting.
What does the economic survey of Pakistan show?
The Economic Survey for 2020-21 will throw light on the salient features of economic performance in the outgoing fiscal year. It is going to claim that total debt and liabilities (TDL) stood at Rs45 trillion by the end of March 2021 compared to Rs44.6 trillion at the end of June 2020.
This implies a 2% growth in nine months, which is the lowest ever growth of TDL in a single year in 15 years. Total debt of the government grew by 1.5% in this period.
Within external sources, multilateral and bilateral sources were the main contributors. Total debt and liabilities stood at 95.3% of the GDP at the end of third quarter of 2020-21 as against 103% of GDP in the comparable period last year. So total debt and liabilities decreased by almost 8% in one year.
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