KARACHI:

Amid continuously deteriorating macroeconomic indicators of the country, like the depreciating rupee and depleting forex reserves, the former finance minister has highlighted the performance of his government, putting further pressure on the current administration.

On his official Twitter handle on Friday, former federal minister for finance and revenue Shaukat Tarin showcased the performance of Pakistan Tehreek-e-Insaf’s government during the period July-March 2021-22 as a new coalition government ousted the PTI administration and took charge in April 2022.

He mentioned that during the July-March period of current fiscal year, the large-scale manufacturing (LSM) index posted a growth of 10.4%.

He also underlined that tax revenues jumped 29% during the nine-month period, when the Federal Board of Revenue (FBR) collected Rs4.38 trillion.

Moreover, Tarin said, the country’s exports grew by 26%, while remittances increased by 7.6% during the July-March period.

The output of four major crops went up by 7%, he said, adding that corporate profits soared by 28%. During the period, around “5.5 million jobs were created”.

“In three years, the country recorded a fiscal deficit of 4% of GDP (gross domestic product),” he pointed out.

In the end, Tarin extended a challenge to the newly formed coalition government to match the aforesaid performance indicators.





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