Pakistan economy grows despite challenges: Indicators show

ISLAMABAD, April 25 (APP): Despite challenges, Pakistan’s economy continued to pick up in the first three quarters of current fiscal year (July-March 2015-16), as reform and stabilization measures resulted in higher foreign exchange reserves, low inflation, low fiscal deficit as compared to same period of last fiscal year.

“The majority of economic indicators are positive and are showing marked improvement during the first nine months of current financial year,” Ministry of Finance sources told APP.

Giving details about various performing indicators, the sources said that Federal Board of Revenue (FBR) during July-March 2015-16 had collected a provisional revenue of Rs 2,103 billion as compared to Rs 1,753 billion realized during the same period of last fiscal year, showing a growth of around 20 per cent.