PM lauds $2.7 billion export achievement in July

Liaquat Ali

Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over Pakistani exports reaching 2.7 billion dollars in the first month of the new fiscal year.

In a statement, he said the country’s exports have witnessed an increase of 17 percent from July last year to July this year, while nine percent increase within just one month is a highly welcoming sign for country’s economy.

The Prime Minister said export-led growth is topmost priority of the government.

He said government’s prudent economic policies and efforts are paying off as economic indicators are moving in the right direction.

The Prime Minister lauded the efforts of government’s economic team, and said government is striving to increase exports, promote investment and promote a business-friendly environment.

He said the implementation of faceless customs assessment system is further improving port operations while increase in ratio of tax collection to GDP is satisfactory for the government.

Shehbaz Sharif said improvement in Pakistan’s credit ratings by international financial institutions and record bullish trends in Pakistan Stock Exchange are all reflection of economic stability.

He said overseas Pakistanis are being facilitated in every possible way to further increase remittances.