–Says 39pc raise in developing spending during first eight months of current fiscal year highest in six yearsISLAMABAD: Prime Minister Imran Khan on Wednesday said with accelerated development spending, stable rupee, 73 per cent decrease in current account deficit, growing exports and enhancing cement sales, Pakistan was moving on the road to development. “Pakistan is moving on the road to development with accelerated development spending; rupee stable; current account deficit down by 73 per cent; exports growing; cement sales up,” Imran Khan said in a tweet posted on his social media account. The prime minister in his tweet also attached an audio-video report of Planning and Development Division, depicting 39 per cent raise in developing spending during the first eight months (July-February) of the current fiscal year 2019-20, highest during this period of the last six years. pic.twitter.com/sVRH5QWm1g— Imran Khan (@ImranKhanPTI) March 4, 2020According to the report, the percentage of development spending in July-February period of previous fiscal years remained 32 per cent in 2014-15; 31 per cent in 2015-16; 29 per cent in 2016-17; 32 per cent in 2017-18; and 23 per cent in 2018-19. The report also highlighted the government’s commitment and priorities of spending and financial assistance in various projects of national interest including the China Pakistan Economic Corridor (CPEC).

Source: Pakistan Today March 04, 2020 16:41 UTC