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A meeting of the Monetary and Fiscal Policies Coordination Board was held under the chairmanship of Finance Minister Ishaq Dar in Islamabad today.

Briefing the meeting on the economic situation, Waqar Masood said the economic indicators are moving in the right direction. He said the growth momentum in large scale manufacturing is continuing mainly supported by better energy supplies, lower commodity prices and accommodative polices.

 He said the inflation has been contained due to government’s supportive policies. The current trend suggests that inflation will remain below the target of 6% during current fiscal year. 

 The Finance Minister said that Board of Investment should monitor the flow of foreign direct investment regularly.

 The meeting showed concern on the falling exports.

The Finance Minister said the government has already initiated a number of measures for exports enhancement. There is no load shedding for the industrial sector.

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