First half PTI govt. Performance spelled out

‎Finance Minister Asad Umar has said that due to corrective measures introduced by his govt. for bringing stabilization in the national economy, the economic indicators had started showing resilience. During 1HFY19, remittances and exports increased, while imports decreased as compared to 1HFY18. The trade deficit that stood at $ 17.7Bn in 1HFY18 has shrunk by 5% to $ 16.8Bn in 1HFY19.Due to these reforms, current account deficit has decreased which will help reducing the pressure on forex reserves. Private sector credit off-take has also witnessed 65% growth as compared to 21% in 1HFY18, highest in last 13 years. The govt. is still in process of negotiation with IMF.