Pakistan’s economic indicators improving despite challenges, exports increases more than India, Bangladesh: PM

News Desk

Pakistan’s economic indicators are on positive trajectory despite many challenges including that of the novel Covid19 pandemic, the Prime Minister Imran Khan has said, adding that the present government has made record repayments of twenty billion dollars in foreign loans over the last two and a half years.

According to media reports, the Prime Minister has these remarks while addressing a ceremony in Islamabad on Thursday in connection with Roshan Digital Account crossing five hundred million dollars mark in remittances.

On the occasion, Imran Khan has expressed his pleasure over the record increase in the country’s exports at a time when the economies around the world were badly affected by the breakout of the pandemic. He said our exports have increased more than our competitors including India and Bangladesh.

The Prime Minister has said that the country’s textile sector is witnessing a boom and new textile mills are being opened. He noted that the conscious efforts to improve exports as well as remittances including those in Roshan Digital Pakistan Account have helped stabilize the rupee.

Imra Khan has said that eighty eight thousand Roshan Digital Accounts have been opened in ninety seven countries. He pointed out that the overseas Pakistanis are our biggest asset and it has been his endeavor to tap this potential to take forward the country.

The Premier directed the State Bank of Pakistan to open a special cell to fully facilitate the overseas Pakistanis in opening the Roshan Digital Account. He said the more we facilitate the expatriates, more amounts will come in the Roshan Digital Account.

Khan also stressed for a focussed and innovative media campaign for overseas Pakistanis to apprise them about this new initiative. He was confident that this will help increase the number of accounts.

“Banking sector has an important role in Naya Pakistan Housing Program as well as the promotion of small and medium enterprises. These two sectors have the potential to accelerate the economic growth,” he added.