ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government’s effective measures have started supporting Pakistan economy, Prime Minister Imran Khan’s adviser on finance, Dr Abdul Hafeez Sheikh, said Monday during a press conference here in the federal capital. Speaking to the reporters, Dr Sheikh said there has been a gradual reduction in Pakistan’s trade deficit and that the country’s exports have experienced a noticeable improvement. The government’s effective measures have started supporting the economy, the adviser said, adding that not only were the foreign exchange reserves increasing but that the president of the World Bank as well as a team of the International Monetary Fund (IMF) had commended Pakistan’s economic efforts. The IMF team has recommended that the second tranche of the bailout package for Pakistan be approved, Dr Sheikh said. He explained that the cement production has bumped up, surpassing 16 million tonnes. The domestic tax net saw a 21-percent improvement and $2.1 billion of the loans taken by previous governments had been paid off during the PTI tenure. The concessions to the country’s traders have started yielding positive results, the adviser said, adding that an additional sum worth Rs30 billion had been allocated for the Pakistan Housing Scheme. Earlier, China has approved the premature activation of the free trade agreement with Pakistan. This will be implemented from December 1. Adviser to Prime Minister on Commerce Abdul Razak Dawood made the statement while addressing a press conference on Friday. The Adviser to PM earlier met with a delegation of Chinese businessmen, which also included representatives from Norway, European Union, and other countries. In his press conference, he said that the good news was conveyed to Pakistan by China. The Adviser said that due to free trade, the bilateral relations and trade between the two countries will be increased. Negotiations are going on for exporting agricultural commodities to China, he added. Abdul Razzaq Dawood also said that our Ministry of Food Security lacks capacity and China is ready to provide training to it. He said that Pakistan can export tomatoes, onion, vegetables, wheat, rice and other commodities to China. The Oil and Gas Regulatory Authority (OGRA) sent a summary for a change in prices of petroleum products to the Petroleum Division, on Wednesday. Sources claimed that the authority had recommended a change in the price of petrol by one rupee per litre, an increase of Rs0.27 per litre in diesel and a decrease of Rs2.39 in kerosene oil. OGRA also recommended a reduction in the price of light diesel oil by Rs6.56. If these price changes are approved by the petroleum division, then fuel prices will be as follows Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh announced on Wednesday that textile exporters can claim their pending sales tax refund for July till August through the employment related scrutiny (ERS) for two weeks. In a tweet, Shaikh said that the textile exporters can use the ERS system while the H-Form is reviewed or till an alternative system develops.