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Fact or fiction?

29 0
23.07.2024

While the Pakistan Tehreek-e-Insaf (PTI) party boasted loudly about steering the country toward economic success, a closer look at the economic indicators between FY 2021-22 and FY 2023-24 paints a different picture. Despite PTI’s claims of progress and reform, the reality reveals a discrepancy between their promises and actual outcomes.

Analyzing key metrics such as Export and Import figures, Trade, Current Account, and Fiscal Deficits, Foreign Exchange Reserves, FBR Tax collections, Roshan Digital Account inflows, Inflation Rates, Stock Market Performance, and Pharmaceutical and Agricultural Sectors’ Growth: shows that PTI’s economic achievements have been merely superficial. This disparity highlights that the perceived economic success under PTI’s leadership has been more about presentation and less about substantive, long-term advancements.

In FY 2021-22, Exports totalled $26.8 billion, whereas FY 2023-24 saw a notable increase to $30.64 billion. This growth was significantly supported by a boom in the agricultural sector, which played a crucial role in boosting the country’s export figures.

In FY 2021-22, IT Exports were $1.9 billion, and they significantly increased to $3.223 billion by FY 2023-24. This growth indicates a diversification and strengthening of the economy, with the IT sector playing a crucial role.

PTI’s tenure did not translate into the significant economic growth and stability they proclaimed.

In FY 2021-22, Imports totalled $59.8 billion, whereas FY 2023-24 witnessed a significant drop to $54.73 billion. This substantial decline highlights a notable shift in the country’s trade dynamics.

In FY 2021-22, Pakistan’s Trade........

© Daily Times


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