Islamabad: The Pakistani government is making strides in economic stabilization backed by the Special Investment Facilitation Council, revealing significant improvements in the country’s financial indicators. The trade deficit has seen a reduction, exports are up, and a budget surplus has been recorded in the recent fiscal quarter.
According to Ministry of Information and Broadcasting, the Pakistan Bureau of Statistics reports a narrowing trade deficit from 7.3 billion dollars to 6.9 billion dollars during the first four months of the current fiscal year. In the same period, exports surged by thirteen percent to 10.8 billion dollars, up from 9.5 billion dollars last year.
Furthermore, the government achieved a budget surplus of 1.7 trillion rupees in the first quarter. Additionally, remittances have shown robust growth, crossing the three billion dollars mark in October alone.