Economy is on the mend: Ishaq Dar
Finance Minister says growth rate, per capita income and revenue collection has increased while the inflation has reduced.
Finance Minister Ishaq Dar says Pakistan's remarkable economic recovery over a short period has been widely acknowledged at the international level.
Speaking at a conference in Islamabad, he said the economic growth which had averaged around three percent in the five years, has been estimated at 4.14 percent during 2013-14, compared to 3.7 percent in 2012-13.
He said this is the highest growth in the last six years.
He said per capita income which stood at 1,340 dollars in 2012-13 increased to 1,386 dollars. This shows a growth of 3.5 percent.
He said inflation which had averaged around 12 percent in the five years before the present government, was recorded at 8.6 percent for 2013-14.
The Minister said FBR revenues which had registered one of the poorest performances in the recent past of a meager three percent growth in 2012-13, were up by 16.44 percent in 2013-14.
He said international think tanks and research groups have recognised Pakistan's impressive economic turnaround in these past 18 months.