As per the report, climate-induced flooding across Pakistan has destroyed agriculture resulting in a decrease in the production of major crops. Sugarcane production has been reduced by 8%, rice by 40.6%, and cotton by 24.6%, while the target of wheat production has been set at 28.37% million tons.
The budget deficit from July to September, as per the report, was Rs672 billion rupees, increasing by 45.4% in the financial year's first quarter. However, during the same period in 2021, the budget deficit stood at Rs462 billion.
As per statistics, the Federal Board of Revenue's returns increased by 17% in the first quarter of the financial year. From July to September, exports increased by 5.5%, imports decreased by 7.9%, the current account deficit was $2.2 billion, remittances stood at 3.6%, and total investments decreased by 83.7%.
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