Business community backbone of country.

LAHORE -- Governor Punjab Ch Muhammad Sarwar on Monday predicted economic revival very soon, terming a sharp decline of $17 billion in current account deficit a big achievement of the government.

He was talking to the delegation of Lahore Chamber of Commerce and Industry (LCCI) led by the President Mian Tariq Misbah. LCCI Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry, LCCI Executive Committee members and a good number of businessmen were also present on the occasion. Governor Punjab said that when Pakistan Tehreek-e-Insaf (PTI) came into power the current account deficit was as high as 20 billion dollars which had now been reduced to dollar 3 billion.

He said that Financial Action Task Force (FATF) issue which this government had dealt with very wisely.

Sarwar said that COVID-19 had even shocked the most powerful economies of the world, adding that the incumbent government, under the leadership of Prime Minister Imran Khan had managed it very early.

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He said that the construction policy by the government had proved to be very helpful as the sector and the related sectors with construction industry were going up, adding that the interest rates were very low which were contributing in the economic growth of the country.

Speaking about the inflation and high...