Editor's note: The writer is a visiting professor at Southwest University of Political Science and Law, senior fellow of the Charhar Institute, and former Defense Attache in South Asian countries. The article reflects the author's opinions and not necessarily the views of China Economic Net.
According to a report by Associated Press of Pakistan on January 22, policies of Pakistan Government are powering economic growth, with expansion witnessed in remittances and foreign direct investment (FDI) and the primary balance in surplus.
The positive signs in Pakistan's economy are seen in the first quarter of the ongoing fiscal year 2020-2021, with remittances growing 26.5%, FDI 9.1%, tax collection 4.5%, and the primary balance turning into a surplus worth Rs.258 billion. A significant increase is also witnessed in sale of cars, motorbikes and tractors from July to October 2020.