The present government's effective economic policies and initiatives have resulted in stability and growth in various economic sectors, showing improvement in the indicators.

According to the statistics provided by the Finance Division, a large stimulus package of 1.24 trillion rupees was injected into the economy in March last year that led to rapid recovery of economy.

The government has given impetus to the export oriented industries by fixing power price at 0.07 dollars per UNIT and gas tariff at 0.065 dollars per MMBtu. As a result, the government was able to shield industries from being stalled despite Covid-19 pandemic.

The principal focus remained on boosting the construction industry and subsequent job creation.  To achieve this goal the banks increased construction sector loans to five percent of their total portfolio by the end of this year.

The rupee has recently gained strength against US dollar, which resulted in reduction in the trade deficit and current account balance of Pakistan. 

As an acknowledgment of the government's economic recovery endeavor, the IMF projected the growth of Pakistan's economy to 1 percent in World Economic Outlook Database in October last year and revised it to 1.5 percent in January this year.

Under Kamyab Jawan Youth Entrepreneur Scheme, a sum of 4,343 million rupees was disbursed till January this year among the youth for setting up various businesses, which resulted in the money supply in economy during the current fiscal year.

Under the Make in Pakistan Policy, business shift took place from consumer based to producer based.

The market based currency exchange rate increased the competitiveness.

The government disbursed 1,231,517 interest free loans amounting to 43.17 billion rupees under Pakistan Poverty Alleviation Fund till February this year.

The government's measures for recovery of economy and extension in tax amnesty till June this year and fix tax regime till December this year, resulted in increase in Large Scale Manufacturing,  which  surpassed its pre-Covid level witnessing 9.1 percent growth on Year to year basis which was -5.7 percent on January last year.

Exports also witnessed a growth and soared to 16. 3 billion dollars with an increase of 4.4 percent during the current financial year as compared 15.6 billon dollars last year. 

The textile sector exports rose by 6.7 percent over the last year.

Tax revenue grew by 6 percent to 2,915 billion rupees from moth of July to December during the current fiscal year, which was 2,750 billion rupees last year, whereas during the same period remittances rose to 18.7 billion posting growth of 24.1 percent.

The ease of doing business index improved from 136 to 108 while KSE 100 index crossed 46 thousand index level for the first time since April, 2018 and closed at 46,385 in January this year.

The Finance Division says it has been observed that the overall economic recovery is on its way and may accelerate further in the coming months. The timely measures of the government are supportive in spurring growth decelerating inflation and at the same time preserving external balance.