Economy revives to pre-covid levels.

Economic activities were largely restored to pre-Covid levels in the first quarter (Jul-Sept) of current fiscal year 2020-21.

The uptrend indicates a promising growth ahead in all major sectors like agriculture, industries and services, but the risk of a spike in Covid-19 cases still poses a major threat to growth trends.

Pakistan's central bank reported on Tuesday that the Business Confidence Survey turned positive after quite a long time. The economic growth stands promising with the recent increase in wheat support (minimum) price by the government for purchases from farmers in the forthcoming harvesting season (Feb-May) and availability of subsidised fertilisers and pesticides.

Besides, the State Bank of Pakistan (SBP) projects potential growth in export of rice and textile amid the November industrial package, uptick in collection of taxes, continuous strong receipt of workers' remittances in the months ahead and the outlook for further narrowing down of current account deficit in the full fiscal...