Islamabad | WTNS | August 14:Prime Minister Imran Khan has expressed satisfaction that the country’s economy is heading in the right direction with improvement in revenue collection and exports.

PM Pakistan on Friday said that it has “defeated” terrorism and has “come a long way” despite battling “heavy odds” both at “external as well as internal fronts”, as the country celebrated its 74th Independence Day.

In a televised message on the occasion of Independence Day, he said the confidence of the business community on the economy can be gauged from the recent upsurge in Pakistan Stock Market.

The Prime Minister said we have given unprecedented incentive package to the construction industry which will help uplift forty other allied industries.

Imran Khan said the tax collection during the last month remained more than the target and hopefully the collection will further improve in the coming months.

The Prime Minister said the country has successfully coped with the threat of Covid-19. 

He said the challenge is still not over and the people should continue to follow the precautionary measures to avoid the spread of the virus.

Referring to the power sector, the Prime Minister said we were generating expensive electricity due to the agreements signed in the past.

This, he said, also resulted in increase of circular debt.

He also expressed solidarity with the people of  Kashmir and pledged that Pakistan would continue to extend diplomatic and moral support to the Kashmiris’ struggle for their right to self-determination. The prime minister assured the Kashmiri residents that Pakistan will continue to raise the Kashmir issue on all forums and will also pray for the residents of the territory.