Home General Govt’s economic achievements are undeniable truth: President Dr Avli

Govt’s economic achievements are undeniable truth: President Dr Avli

ISLAMABAD: President Dr. Arif Alvi being received by Prime Minister Imran Khan, Chairman Senate Sadiq Sanjrani, Speaker National Assembly Asad Qaiser and others on his arrival at Parliament House, Monday. - PID photo

ISLAMABAD: President Arif Alvi has said the government has secured achievements on various fronts, including 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 on Monday at the advent of 4th parliamentary year, the president said that despite the negative impact of Covid-19, the country’s economy has been put on a 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 and remittances $29.4 billion during the last financial year. He said remittances witnessed an increase of 10 percent during the first two months of the current fiscal year.
President Alvi said that Pakistan Stock Exchange (PSX) has broken all previous records and emerged as the world’s fourth best performing markets. He said that according to a survey of the Overseas Investors Chamber of Commerce and Industry, the Business Confidence Index of Pakistan improved by a massive 60 percent.
The president said that the collection of the Federal Board of Revenue (FBR) reached Rs4,732 billion during the last fiscal year and during the first two months of the current financial year additional Rs160 billion were collected. He said that this enhancement in remittances and revenue collection shows the confidence of the masses in the policies of the government.
The president was also appreciative of the steps taken by the government to meet the action plan of the 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 provided 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 the agriculture sector witnessed a growth of 2.7 percent while exports in the IT sector touched the mark of $2.12 billion. He said that various programmes have been launched to provide skill training to youth. He said 1.7 million youth have so far been provided vocational training in this regard.
The president said the government has been implementing a number of social security initiatives under Ehsaas Programme for social economic development of the people. He said that Rs208 billion have been allocated for this programme that will benefit about 30 percent of the population. He said Ehsaas Nashonuma, WaseelaTaleem, Ehsaas Kafalat, Ehsaas Scholarship, Emergency Cash, Langarkhana and Koi Bhooka Na Soyeprogrammes would