Minister for Federal Education and Professional Training Shafqat Mehmood Monday said the government stabilized the economy, increased exports, enhanced foreign exchange reserves and significantly shrank the current account deficit
ISLAMABAD, (UrduPoint / Pakistan Point News – 20th Sep, 2021 ) :Minister for Federal education and Professional Training Shafqat Mehmood Monday said the government stabilized the economy, increased exports, enhanced foreign exchange reserves and significantly shrank the current account deficit.
Speaking at the Achievement Award ceremony of Lahore Chamber of Commerce and Industry here, he said when Pakistan Tehreek-e-Insaf (PTI) formed the government three years back the economy was in shambles.
He said economy was in a dire state, the country was under heavy debt, current account deficit had ballooned, exports had dropped and the rupee was kept at a certain level through artificial means.
He said despite the widespread attack of coronavirus, the government kept the economy floating and last year achieved economic growth of four percent, took the exports to $ 25.3 billion, foreign remittances went up to $ 30 billion and Federal board of Revenue (FBR) collected revenue of more than Rs 4700 billion in a year.
Textile, construction and other sectors of the economy were moving forward and the government led by Prime Minister Imran Khan not only successfully managed the coronavirus pandemic but also protected lives and livelihoods of poor people, Shafqat added.
Now youth with prior learning and experience were being given certificates from accreditation institutes, he informed.