ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb said that economic situation had been improving in country with gradual reduction in “Federal, trade and current deficits.”

“When we assumed responsibility of government, Pakistan had been out of IMF programme, our default risk had risen, government was losing more than Rs 100 billion monthly on unaffordable fuel subsidy. Last year our imports were $ 80 billion and exports were $ 31 billion,” said minister in series of tweets. She said country had “Largest trade deficit of $ 49 billion and current account deficit of $ 17.5 billion”. “We also had record budget deficits in all PTI years,” she added. Marriyum, however, said that economy was being stabilised by reducing current account deficits.

She said that the prices of commodities were increased due to flood and repayment of massive loans taken by PTI government. “But we have increased BISP payments and given free Atta to poor and things are finally looking up.”

Meanwhile, at oath taking ceremony of newly elected office bearers of Jhang Press Club and Jhang Union of Journalists here minister reiterated that incumbent government fully believed in freedom of media and freedom of expression and was taking all possible steps for that purpose.

Published in The Daily National Courier, April, 14 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.