However, in the first nine months of the current fiscal, revenue of the country increased to Rs1,574.6 billion against the Rs1,352.3 billion collected during July-March in the last fiscal showing the growth of 16.4 percent.
During the press briefing here on Wednesday, the minister said that budget deficit had come down 3.1 percent (Rs815 billion) in the first nine-month period against 4.6 percent (Rs1,046 billion).
Dar said that remittances had increased by 11.9 percent to $11.58 billion during the nine-month period from $10.35 billion. Exports have increased to $19.11 billion in nine months of the current fiscal year from $18.02 billion in the same periodof the last year, showing the growth of 6.1 percent. Forex reserves have swelled to $11.67 billion.
As far as inflation is concerned, it stood at 8.6 percent during July-March 2013-14 whereas it was at 7.98 percent in the same period of the last financial year. He said that 3,188 companies have been registered with the SECP in the first nine months of the current fiscal against 2,883 companies that got registered in the same period of the last financial year, showing a growth of 10.57 percent.
The growth in large manufacturing scale stood at 6.05 percent as against 2.78 percent in the period under review of the last fiscal year. “We have planned to give a credit line of Rs380 billion to the agriculture sector during the ongoing financial year, which is up by 13.09 percent if compared with Rs336 billion disbursed in last year,” Dar said.
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