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Economic indicators showing positive yield: Finance ministry

July 2, 2014

Economic indicators are showing positive yield owing to prudent policies being pursued by the government.

Finance ministry statistics said that national economy registered robust improvement in the financial year 2013-14. Federal Board of Revenue (FBR) collected revenue amounting to Rs 1955 billion during the fiscal year 2013-14 as against revenue collection of Rs 1679 billion in the financial year 2012-13. Revenue collection has posted increase by 16.04 percent.

The budget deficit remained 4.02 percent which was witnessed 6.06 percent in the corresponding period of last year.

Foreign remittances inflow remained 14.33 billion dollars. National exports volume remained 23.11 billion dollars.

The trade deficit stood at 17.66 billion as against country’s trade deficit recorded during the financial year 2012-13

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Source: Frontier Star (Pakistan)

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