Cabinet satisfied over positive economic indicators

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Staff Reporter

Islamabad

The Federal Cabinet, while discussing the ongoing political situation in the country on Tuesday, expressed satisfaction that the present positive economic indicators were a manifestation of the incumbent government’s pragmatic policies.
Prime Minister Imran Khan, while chairing the cabinet meeting, observed that the reforms introduced by the Pakistan Tehreek-e-Insaf (PTI) government would end the politics of opponents like those in Khyber Pakhtunkhwa (KP), where the party, in its last five-year rule, had brought far-reaching reforms.
The PTI was re-elected by the people by overwhelming majority, which was the first time in the province’s history.
The PM’s special assistant on information and broadcasting, Dr Firdous Ashiq Awan, briefed the media about the cabinet decisions and said the meeting expressed satisfaction over the outcome of economic policies, showing positive economic indicators. Speaking alongside the PM’s climate change adviser, Malik Amin Aslam, she said the reforms process being followed by the present government was a difficult one as the beneficiaries of the old rotten system were a hurdle in its way.
PM Imran, however, assured the cabinet that the government would not back away from its reforms agenda as it was for Pakistan’s development and progress, she added.
Dr Awan said the cabinet was told that fiscal deficit had shown a 50-percent reduction, with positive trends in foreign investment during last year. Moreover, the stock exchange had gained 1,500 points during the past three days, which proved that the business community had not taken any negative impact of the ongoing sit-in in Islamabad.
The special assistant said the circular debt was increasing by Rs10-12 billion against about Rs38 billion per month during the last regime. Pakistan’s ranking in “ease of doing business” had also improved, she added.