ISLAMABAD, Apr 13 (APP): Minister for Information and Broadcasting Marriyum Aurangzeb on Thursday said the economic situation had been improving in the country with a gradual reduction in “federal, trade and current deficits.”
“When we assumed responsibility of the government, Pakistan had been out of the IMF programme, our default risk had risen, the government was losing more than Rs 100 billion monthly on unaffordable fuel subsidy. Last year our imports were $80 billion and exports were $31 billion,” said the minister in a series of tweets.
When we assumed responsibility of the government Pakistan had been out of the IMF programme, our default risk had risen, the government was losing more than Rs 100 billion monthly on unaffordable fuel subsidy. Last year our imports were $80 bn and exports were $31 bn. 1/3 https://t.co/RbjlzAZOxJ
— Marriyum Aurangzeb (@Marriyum_A) April 13, 2023
She said the country had the “largest trade deficit of $49 billion and current account deficit of $17.5 billion”. “We also had record budget deficits in all PTI years,” she added.
Marriyum, however, said that the economy was being stabilized by reducing the current account deficits.
We had the largest trade deficit of $49 bn and current account deficit of $17.5 bn. We also had record budget deficits in all PTI years. Today we have reduced the federal, trade and current deficits and our position is improving. 2/3
— Marriyum Aurangzeb (@Marriyum_A) April 13, 2023
The minister said the prices of commodities were increased due to the flood and repayment of the massive loans taken by the PTI government. “But we have increased BISP payments and given free Atta to the poor and things are finally looking up.”
