FAISALABAD -- :Federal Parliamentary Secretary for Railways Farrukh Habib has said that the economy is moving on right track and its results are also appearing on the economic scene.
He was addressing a reception, hosted in his honor by All Pakistan Bedsheets and Upholstery Manufacturers Association (APBUMA)here Sunday. The function was also attended by Faizullah Kamoka, Chairman National Assembly Standing Committee on Finance, Revenue and Economic Affairs.
Farrukh said that a tattered economy was given to Pakistan Tehreek-e-Insaf (PTI) government, but it took prudent measures in the best national interest. He said it was for the first time that dollar had depreciated by Rs 10. Similarly, 10 percent increase in exports had been recorded while the Stock Exchange had gained 11,000 points in a week.
He said that the current account was surplus for the first time, which indicated that economy was on the right track. As per ease of doing business index, Pakistan has jacked up 28 points, he added.
He criticized the previous governments and said that they had injected $7 billion in local market to artificially control the appreciation of dollar. However, now market forces are deciding the currency rate which is a positive sign for national economy. He...