State Bank of Pakistan (SBP) Governor Reza Baqir has said that “we have to take tough decisions in future due to the International Monetary Fund (IMF) programme.”
He was speaking at a conference on business leaders in Islamabad on Wednesday.
The governor said Pakistan had overcome the threat of COVID-19 and the positivity rate of the infection is now “much lower than the global rate.”
The government made sure of quick disbursement of financial assistance during the coronavirus pandemic. Loans worth Rs2 trillion were given to business persons, Rs430 billion were spent on new investment and Rs240 billion were allocated for loans on easy conditions, said Governor Reza said.
He said the income of people has increased as the growth rate has increased from a minus to 4 percent.
Foreign remittances, too, increased by 27 percent during the last fiscal year and the trend continues this year as well, he continued.
GOVERNOR MEETS PREMIER: Governor Reza Baqir also called on Prime Minister Imran Khan and briefed him on the progress being made with the Roshan Digital Accounts.
During a briefing on a Roshan Digital Account programme, he said that as many as 204,000 accounts have so far been opened by overseas Pakistanis and that 1,000 accounts are being opened on a daily basis.
He said that so far, the country has received $2.3 billion in the Roshan Digital Account.
Prime Minister Imran said that increase in the number of accounts under the programme is a sign of confidence from overseas Pakistanis in the incumbent government.