Successful infrastructural reforms put the country back on track: Dar
Addressing Pak-US Business conference, Finance Minister says the economy is now improving with great positive indicators.
By Sophia Siddiquee
Finance Minister Ishaq Dar has said in 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 the government has put in place a forward looking economic agenda for ensuring sustainable growth.
He said the economy which was facing serious challenges a year ago is now improving with great positive indicators for economic stability. He said Pakistan has completed six IMF reviews of its economy successfully which proves that the country is heading towards stable economic.
The Finance Minister said inflation has been declined into single digit of six percent, revenue collection increased by 13 percent and foreign exchange reserves enhanced upto sixteen billion dollar which is all time high.
Ishaq Dar said the government has taken coordinated measures to promote foreign direct investment in the country 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 the government has embarked on an ambitious programme for energy generation through various means including hydro, thermal, coal, renewable and alternate resources. He said work is underway to generate ten thousand mega watt 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 is making all possible efforts to uplift the economic conditions of the country.
He hoped that 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.
Addressing the conference, commerce minister Khurram Dastgir said better policies of government have helped attract foreign investors.
He said better relations between the United States and Pakistan will help boost the economy of the country.
The Minister said that Pak-US partnership is moving towards a positive direction and both the countries are taking steps for enhancing bilateral trade and cooperation in many sectors.