Pakistan’s economy improves as exports, remittances rise: Fawad

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DN Monitoring Desk

LONDON: Minister for Information and Broadcasting Chaudhry Fawad Hussain yesterday said the economy of Pakistan was improving as exports and remittances were on the rise, imports were declining and stability was returning.

Speaking to media here Thursday, he said, “Due to effective policy of the government, exports are increasing and in substantive terms, the economy of Pakistan is improving.”

The vital indicators of the economy were getting stable, there was no urgency and the Finance Minister was putting all his energies to keep the economy moving, he explained.

He said volatility of the dollar was due to the fact that Ishaq Dar in the past spent $6-7 billion dollar to keep value of the dollar low.

He said $ 11 billion from Pakistan went to 26 countries and a large part of it was funneled to the United Kingdom and the United Arab Emirates.

The minister said Pakistan was strengthening its laws to check the illegal flow of money to foreign countries and in his talks with the British parliamentarians he stressed that the international cooperation should be expanded and laws should be made to stop investments made with illegal money.

He said the policy to promote export industry was being implemented and rule of law was being ensured as powerful and weak, all were equal before the law.

He said those, who were taking law into their hands, would be dealt with strictly, adding Ishaq Dar would be brought back to Pakistan.

Fawad said the government was in contact with all sides in the Middle East and if everybody agreed, Pakistan was ready to play its role in the peace process.

He said atrocities of India had increased in the occupied Kashmir against unarmed civilians, particularly women, and Prime Minister Imran Khan in an interaction with Indian journalists said that India should review its policy in Kashmir especially against civilians.

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