Daily Times

Sir, recently, Minister for Revenue Hammad Azhar stated some positive points on the economic prosperity of Pakistan. In his media conference, he said that Pakistan received foreign direct investment worth $1.72bn whereas this has never been in the previous five years.

But he blamed ousted PML-N government saying that circular debt had crossed Rs 1,000 billion. In 2016-17 Financial Year, it shows that the loss of public sector increased with Rs 150bn to Rs453bn. The result is that if one examines the data from July last year, the trade deficit reduced by five percent, whereas in December alone it fell by 18 per cent.

However, Pakistan’s imports were growing at a rate of 15 percent, whereas now imports have witnessed negative growth – meaning that in absolute terms, and even percentage wise, a decline can be seen. And, the stock exchange goes up by 5000 points; traders are happy with the economic reform package; there is a visible decline in the current account deficit or a decline in imports

Among all the figures quoted, not even one is such that has not been published and is not in the public domain. They can all be accessed on the internet, or found in reports published by the State Bank of Pakistan or the Pakistan Bureau of Statistics and encouraging every citizen to go and verify the data on their own.

Thus, the economy of Pakistan is going to be on its peak level if the internal investors invest in the country.

WASEEM RAJA,

Turbat, Kech

Published in Daily Times, February 16^th 2019.