By: Muhammad Ibrahim Bhatti
Finance Advisor Dr. Abdul Hafeez Sheikh in his statement on social media on Sunday gave the nation the good news that Pakistan’s trade ranking is better than that of India and Bangladesh, which has recorded a 79 degree increase in favor of Pakistan. In the light of the economy as well as employment opportunities are looking bright prospects. The rating was previously at 34%, a 45% increase over the past five months or so. Meanwhile, declining imports, rising exports and remittances, and a strengthening of the rupee against the dollar, undoubtedly reinforces Prime Minister Imran Khan’s recent statement on economic growth. In which he has mentioned that he has not taken any external loan in the last four months. There is no doubt that by the time the PTI government came to power, the country’s current account deficit had reached 120 120 billion and the pay gap had reached close to 14 145 billion. Surrounded by the effects of the corona virus, an economic package of Rs. In this regard, the Finance Adviser is right to say that timely government measures, reduction in expenditure and increase in taxes have handled the situation. Undoubtedly, these indicators indicate a stabilization trend in the economy, but all these efforts have not yet succeeded in breaking the cycle of inflation. Unless inflation is brought under control, improvement in economic indicators will not satisfy the people.