Prime Minister Imran Khan said on Sunday that Pakistan has performed “much better” than other countries as commodity prices have risen in unprecedented ways due to the Covid-19 blockade.
The prime minister tweeted that an internationally unprecedented rise in commodity prices has affected most of the world’s countries as a result of the pandemic, and also shared a video clip from Finance Ministry spokesman Muzammil Aslam who denied perceptions of Pakistan’s shrinking economy.
In the video, Aslam said, citing data from the Food and Agriculture Organization of the United Nations (FAO), that food prices rose 1.9 percent from September to October this year, the World Grain Index (WCI) rose 3.2 percent, and prices for edible oils – by 1.9 percent. 9.6 pieces And 2.6 dairy products.
However, he said that despite the global inflationary trend, Pakistan’s exports rose 17 percent in October, which is high.
He said that as a result of timely government action, the country’s non-oil imports fell 12.5% last month, representing a difference of $ 750 million, and tax collection increased 32% in four months (4 Months of FY2022) due to revenue growth. 151 billion rupees more than in the same period last year.
The spokesman said the latest data show that Pakistan’s cotton harvest rose 81% in 22-4 months.
“In August, industrial growth was over 12 percent, while corporate profitability rose 21 percent. All this suggests that the economy is growing at a fast pace, and there are many job opportunities in the coming days, ”commented the spokesman. …
Asked about the relief for the lower class in the Rs 120 billion package recently announced by the Prime Minister, he said the government has already announced that it will relieve Rs 5-7 per unit of electricity for consumers for the period November to February.
According to him, in the near future, sugar prices will fall to record levels due to sugar cane.
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