ACCELERATION IN ECONOMIC ACTIVITIES

The PTI government is near to the end of the first three years of its constitutional term, but as soon as it came to power, it had to deviate from the Manifesto and take tough decisions because of the financial difficulties it faced. Meanwhile, a sharp rise in inflation has increased the difficulties of the common man, but Prime Minister Imran Khan and his colleagues are justified in being satisfied with their policies during the current financial year. According to the latest report released by the Ministry of Finance and the improvement in agricultural and industrial production in the current financial year, remittances increased by 21.5 billion from July to March and exports increased by 2.3% to 18.7 billion. The current account balance has surpassed one billion dollars. This is undoubtedly an encouraging situation. On the other hand, the volume of imports increased by 9.4% during the period, which is four and a half times more than the volume of exports. This situation shows that on the one side economic growth is improving and on the other side the economy is dominated by the factor of trade imbalance which leads to foreign debt and this factor is licking the national economy like termites. The development and prosperity of any country depend on political stability, a strong economy and the national income reaching the common man. Ground realities show that inflation is at an all-time high. Unemployment is on the rise. Bribery and corruption are common, the government should think seriously about them.

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