ISLAMABAD: The economy of Pakistan is moving in the right direction, spokesperson to finance minister Muzammil Aslam said.

In a statement, he said, inflation is rising around the world for the last four months but the media in Pakistan is misleading the masses.

Quoting the Food and Agriculture Organization (FAO) report, he said, the prices of food and beverages were increased 3.9 per cent in September and October, whereas the prices of edible oil witnessed an increase of 9.6 per cent. The prices of dairy products also increased 2.6 per cent, the report added.

After the Covid-19 pandemic, the whole world was in a difficult situation, he said, adding that it was misleading to say that the difficult situation was only in Pakistan.

Pakistan’s economy was growing fast, he said, adding that in October, Pakistan’s exports grew 17.5 per cent, which was the highest in the last eight years.

First time in Pakistan’s history, the export target would reach $30 billion this year. During July-October, textile exports increased to $6 billion, whereas the tax revenue was increased 37 per cent, he added.

In the last four months, the government had collected Rs151 billion in income tax and cotton production had also increased 81 per cent.

The industry has also grown 12.25 per cent and the economy would improve further in the coming days, the spokesperson added.