Growth rate to remain over 4% this fiscal year: Dar
Finance Minister says inflation to remain in single digit.
Finance Minister Ishaq Dar has expressed the hope that national economy would grow by over four per cent during the current fiscal year.
Addressing the First Business Session at 47th annual meeting of Asian Development Bank Board of Governors in Astana, Kazakstan, he said inflation would remain in single digit due to growth in both agricultural and industrial sectors.
The Finance Minister said the fiscal deficit had been restrained to around six per cent through increase in revenues and reduction in expenditures along with positive growth in exports and remittances.
He said necessary domestic reforms are being undertaken along with government preference for regional integration through increased connectivity and enhanced preferential arrangements.
Ishaq Dar also outlined the government's strategies in overcoming the macro-economic challenges.