President Dr Arif Alvi has appreciated the PTI-led government’s economic policies as he emphasized on the government’s three-year report card, with the Opposition rejecting the session in protest.
“Despite coronavirus, Pakistan’s economy performed better as compared to other countries due to the government’s prudent policies,” the president stated at the beginning of his speech during the mutual session of the parliament.
The Opposition started banging on benches and started a disturbance in the Parliament, to which the president said: “You can make all the noise you want, but you have to accept the reality — that the country is moving forward.”
The president stated the country’s growth rate got up to 3.94% during 2020-21, exports amplified from $23.7 billion to $25.3 billion, and transfer of funds reached a record $19.4 billion — which was $6 billion more in comparison to the last year.
President Alvi said the Pakistan Stock Exchange (PSX) appeared to be in an admirable manner, “broke all previous records”, and turned out to be the fourth-best stock market worldwide.
The president, quoting a survey of the Overseas Investors Chamber of Commerce and Industry, said foreign investors’ trust in the government had gone up by 60%. The Federal Board of Revenue has gathered Rs160 more than its target, he further mentioned.
