Govt making all out efforts to keep economy on track: Dar
Finance Minister says foreign exchange reserves have increased upto $13.5 bln due to economic reforms.
Finance Minister Muhammad Ishaq Dar has said government is making all out efforts to keep economy on the track towards revival and development.
This he said on his arrival at Washington to attend the annual meetings of World Bank and International Monetary Fund.
He said economic growth has picked up owing to reforms agenda introduced by the present government. He said important economic indicators have been positive during the last quarter.
The reform process had led to a 4.14 percent GDP growth during the current financial year as compared to 3.7 percent in the last year. He said inflation rate was also curtailed at 7.5 percent against 8.1 percent in July-September last year.
The Finance Minister said that foreign exchange reserves have increased upto 13.5 billion dollars and remittances have shown remarkable growth.
Ishaq Dar expressed concern over sit-ins politics which greatly harmed good image of the country abroad. He said it also cast a negative impact on foreign investment.
During his stay in the United States the Finance Minister will attend the Donors Conference on Diamer Bhasha Dam Project.