From Abid Usman
KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar has said that the policies of the government have started bringing a turnaround despite difficult economic situation, especially owing to the outbreak of coronavirus globally.
He said the current account has been in surplus for the last three consecutive months, standing at $792 million in Jul-Sep, which is a significant improvement from the deficit of $1,492 million of last year’s same period.
In a statement issued here on Tuesday, he suggested that promotion of industrial activities should now be the priority of the government as it would increase economic activity, and create employment opportunities, which is the slogan of PM Imran Khan.
The government’s policies have started giving results in the form of economic stability and increased business’ confidence, he noted. Mian Anjum Nisar expressed confidence in the government policies aimed at increasing exports, stating that as a result of its policies, the confidence of business community had been restored and consequently economic activities increased in the country. Despite challenges at internal and external fronts, the prudent strategy adopted by the government helped put the country’s economy on back on growth trajectory as indicated by many economic indicators. The exports of textile commodities witnessed an increase of 2.92 per cent during the first quarter of the current fiscal year compared to the corresponding period of last year whereas, on a year-on-year basis, exports grew 11.3pc during Sept 2020 compared to the same month of last year.
