Islamabad
Owing to the prudent policies introduced by the government, the country’s economy witnessed positive signs during first quarter of current Fiscal Year (2020-21) as indicated by several important economic indicators. The remittances grew by 26.5% while foreign direct investment (FDI) increased by 9.1%, tax collection went up by 4.5% and the primary balance has been in surplus amounting to Rs.258 billion. Official sources said that due to prudent and timely policies of the government, the large Scale Manufacturing (LSM) registered 4.8% growth while the cement sector grew by 20% with 100% capacity utilization and significant increase was also witnessed in sale of cars, motorbikes and tractors during July-October (2020).—APP