Successful infrastructural reforms put economy on track: Dar
INP

ISLAMABAD – Minister for Finance Ishaq Dar has said as a result of successful infrastructural reforms national economy has been put back on track.

Speaking at the Pak-US Business conference in Islamabad on Tuesday, he said that the government has put in place a forward looking economic agenda for ensuring sustainable growth. He said that the economy which was facing serious challenges a year ago is now improving with great positive indicators for economic stability.

He said that Pakistan has completed six IMF reviews of its economy successfully which proves that the country is heading towards stable economic. The minister said that inflation has declined into single digit of six per cent, revenue collection increased by 13 per cent and foreign exchange reserves enhanced upto sixteen billion dollar which is all time high.

Dar said that the government has taken coordinated measures to promote foreign direct investment in Pakistan and hoped that the investors from all over the world especially from the United States will take full benefits of investment opportunities in Pakistan. He said that the government has embarked on an ambitious programme for energy generation through various means including hydro, thermal, coal, renewable and alternate resources.

He said that work was underway to generate 10,000 megawatt electricity by the end of next three years which will help eliminate power load shedding and give a boom to economic growth. Federal Minister for Commerce Khurram Dastagir said that the government was making all possible efforts to uplift the economic conditions of Pakistan.

He hoped the conference will provide opportunity to bring more close to both Pakistan and the United States and will lead to open new avenues for enhancing bilateral trade. He said better relations between the United States and Pakistan will help boost the economy of Pakistan. The minister said that Pak-US partnership was moving towards a positive direction and both the countries are taking steps for enhancing bilateral trade and cooperation in many sectors.

Courtesy www.dailytimes.com.pk

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