ISLAMABAD: On Friday, Farrukh Habib, the minister of state for information and broadcasting said that the national economy was on the path of development under the leadership of Prime Minister Imran Khan.
In a tweet, the minister said that in the first quarter of the current financial year, foreign remittances increased by 12.5% and stood at US $8 billion whereas exports increased by 38% with US $7 billion.
ٹیکسٹائل ایکسپورٹس 28فیصد اضافے کے ساتھ4.437ارب ڈالر،
آئی ٹی ایکسپورٹس 42.7فیصد اضافے کے ساتھ 635ملین ڈالر کا اضافہ ہواہے۔ کیں جبکہ لارج سکیل مینوفیکچرنگ میں جولائی اگست کے پہلے 2 ماہ میں 7.5فیصد اضافہ ہوا۔ pic.twitter.com/eRhxTX7uZa— Farrukh Habib (@FarrukhHabibISF) October 22, 2021
Farukh stated that the FBR collected Rs1395 billion in taxes in the first quarter, up by 38 percent.
He further said that textile exports rose by 28% to US $4.437 billion whereas exports have risen by 42.7% to US $635 million.
Moreover, large scale manufacturing increased by 7.5% in the first 2 months of July-August, Farrukh Habib added.
After 30 years, a prime minister had turned his attention towards the agriculture sector and surplus produce would ensure Pakistan’s food security.
According to preliminary reports, sugarcane production was expected to increase by 25%, maize by 18%, cotton by 60% and rice by 18%, Farrukh Habib said.
He hoped next year wheat production would also increase.
