Published On: Tue, Sep 14th, 2021
Published in Category: Government

Govt’s effective policies put Pakistan on road to progress: President Alvi

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Islamabad: President Arif Alvi has said the government has secured achievements on various fronts specially economy, social and human development and foreign policy to take the country towards a prosperous and shining future.

Addressing the joint sitting of the Parliament at the Parliament House in Islamabad on Monday at the advent of 4th Parliamentary Year, he said that despite the negative impact of Covid-19, the country’s economy has been put on positive trajectory.

He expressed satisfaction that the economic growth remained 3.94 percent during the last financial year. He said that the exports touched the figure of 25.3 billion dollars and remittances 19.4 billion dollars during the last financial year. He said the remittances witnessed increase of ten percent during the first two months of current fiscal year.

The President said that Pakistan Stock Exchange has broken all previous records and emerged as the world’s fourth best performing markets.

He said that according to a survey of overseas investors, chamber of commerce and industry, the Business Confidence Index of Pakistan improved by massive 60 percent.

The President said that the FBR collection reached 4732 billion rupees during the last fiscal year and during the first two months of current financial year additional 160 billion rupees were collected. He said that this enhancement in remittances and revenue collection show the confidence of the masses on the policies of the government.

Dr Arif Alvi was also appreciative for the steps taken by the government to meet the action plan of Financial Action Task Force (FATF).

The President said that the government also gave a comprehensive package to the construction industry in order to uplift the weak segments of the society. He mentioned that people are being providing easy loans to build their own Houses. He said these achievements on the economic front are a reality which the opposition will have to accept.

Dr Arif Alvi said that agriculture sector witnessed a growth of 2.7 percent while exports in the IT sector touch the mark of 2.12 billion dollars. He said various programmes have been launched to provide skill training to youth. He said 1.7 million youth has so far been provided vocational training in this regard.