No compromise on democracy, constitution, parliament: Dar
Giving review of one-year economic performance, Finance Minister says the government has performed tremendously in financial terms.
Finance Minister Ishaq Dar has said there is no question that Prime Minister Nawaz Sharif will resign.
Addressing a news conference in Islamabad on Wednesday, he said the government is ready to negotiate with anyone while remaining within the ambit of democracy and constitution.
He said the government through its consultative process with political parties has reached at a consensus that there will be no compromise on democracy, constitution and parliament.
Earlier, giving a review of on one-year economic performance, he said the government has performed tremendously in financial terms, especially in reducing budget deficit to 5.7 percent from 8.2 percent, trade deficit to 19.98 billion dollars from 20.49 billion dollars, significantly less government borrowings from State Bank of Pakistan which stood at 303 billion rupees as compared to 2012-13 figures at 1446 billion rupees.
The Finance Minister told that during fiscal year 2013-14, the growth rate remained at 4.14 percent while per capita income has also increased from 1340 dollars to 1386 dollars. He said industrial sector also grew by 3.9 percent from July to May 2012-13. FBR revenues stood at 2266 billion rupees with 16.44 per cent increase.
Ishaq Dar said current foreign exchange reserves are 14.1 billion dollars. He said 9.1 billion dollars are with State Bank of Pakistan while 5 billion dollars are with commercial banks. He said all financial indicators are doing well and that is why today international institutions are ready to work with Pakistan.
He said loan agreement between Pakistan and World Bank on Dasu Dam project will be signed in next two weeks. He said to overcome energy crisis, 6,900 megawatts power projects are under construction, while another 9000 megawatts projects are under consideration.