ISLAMABAD, Pakistan: The Pakistan Tehreek-e-Insaf (PTI)-led federal government on Tuesday unveiled its two-year performance report highlighting its successes on the internal and external fronts.
The Federal Ministers Senator Shibli Faraz, Shah Mahmood Qureshi, Asad Umar, Hammad Azhar & Murad Saeed, and the Special Assistants Dr. Sania Nishtar, Dr. Hafeez Sheikh & Lt General (retd) Asim Saleem Bajwa briefed the media in Islamabad regarding the two-year performance of the incumbent government.
In his remarks, the Federal Minister for Information and Broadcasting Senator Syed Shibli Faraz said that the governments are answerable before the masses in a democratic set-up.
Shibli Faraz said that our aim is to transform Pakistan into a welfare state. He said that it is the vision of Prime Minister Imran Khan to serve the masses especially those belonging to downtrodden segments of the society.
The information minister said that the first two years were difficult but now the good days have started.
Highlights of PTI’s two-year performance;
- Remittances from Overseas Pakistanis had stagnated in the last three years of the previous government. In just 2 years, there has been a historic increase of $3.2 billion in remittances.
- Pakistan recorded the highest-ever remittances from Overseas Pakistanis in July 2020, reaching $2.768 billion.
- The PTI government was able to avert the Balance of Payments crisis through effective long term policies. The current account deficit was $19.9 billion in 2018 and is now at just $3 billion.
- Pakistan Stock Exchange (PSX) crossed 40,000 mark recently, highest since February 2020, recovering all losses caused by the COVID-19 pandemic. Karachi Stock Exchange (KSE 100 index) ranked as the second-best performer globally for the month of July.
- The increasing fiscal deficit and the alarming rise in public debt were huge challenges for the PTI government. In just 2 years, despite an added unprecedented economic pressure due to COVID-19, the government has effectively stabilized the economy.
- Pakistan’s liquid foreign exchange reserves reached almost $20 billion which was the highest amount since January 2018.
- Pakistan’s stock market is recovering due to the restoration of investor confidence in a post-COVID-19 world.
In 2 years @ImranKhanPTI govt has stabilized economy after inheriting the worst external crises , faced down Indian threat after balakot with courage & grace. Managed the biggest global threat, covid, threat by successfully balancing lives and livelihoods #کپتان_کےدوسال_بےمثال
— Asad Umar (@Asad_Umar) August 18, 2020