Achi news desk-
The Ministry of Finance has released the April Outlook Report, according to which the financial and external sectors have improved, market confidence has been restored.
The forecast report said the growth rate in the agriculture sector in the first quarter and the second quarter was 8.6 and 5 percent respectively, while tractor sales increased by 59.7 and 65.8 percent in the first quarter and the second quarter respectively.
According to the report, cotton production had more than doubled with an increase of 34.8 percent, while the production of major industries fell by 0.5 percent between July and February.
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The forecast report said that the CPI fell from 35.4% to 20.7% in March, the basic balance was a surplus of 1834 billion rupees between July and February, the basic balance between July and February last year was 780 billion fifty crore rupees.
Federal government revenue increased by 51 percent, tax collections increased by 30 percent in the first nine months of the current fiscal year, while the fiscal deficit remained at three percent from 2.8 percent last year.
