Taimur Salim Jhagra said Pakistan had achieved 5.7 percent and 5.97 percent Gross Domestic Product (GDP) ratio during last two years, which was fastest growth in 15 years.
He said GDP growth has been achieved in all major sectors of the economy including 6.2 percent in services, 7.2 percent in industries and 4.4 percent in agriculture besides substantial increase in the country’s exports and crossed USD 32 billion mark in last 10 years while monthly remittances remained double compare to 2018.
He said USD 2 billion monthly current account deficits were controlled and despite global inflationary pressures, the current accounts deficit has remained only 640 USD while shortage of Public Debt to DGP was witnessed.
Jhagra said a record 6,100 billion were collected while 1.8 million jobs created during 2018-21 compared to 1.1 million during 2013-14 and 1.4 million jobs during 2001-13. He said the unemployment ratio in Pakistan remained at lowest 4.4 percent compare to six percent in India and 5.4 percent in Sri Lanka.
He said Rs 179 million were disbursed, facilitating 150 million people across the province under the Ehsaas programme during Corona pandemic while Rs 800 million were spent for welfare of farmers.
The minister said at least eight million people were provided free-of-cost accommodation and food, adding 170 million people were provided health insurance during 2018-21. The provincial receipts had been increased in last three years by achieving substantial growth. As Rs 75 billion of provincial receipts were generated during 2021-22 against 31.5 billion during 2018-19 and 25.6 billion during 2015-16.
Similarly, KPRA revenue generation has been increased from 10.4 billion in 2018-19 to Rs 30.5 billion in 2021-22 while record developmental expenditures to tune of Rs 260 billion during 2021-22 were recorded.