Participants of the programme laud government’s sound policies for strengthening economy and boosting investment.
Economy of the country shows signs of improvement with inflation at 8.6 % while GDP growth rate of 4.4 % during first eight months of current financial year.
Talking about government’s eight month performance in Nuqta-e-Nazar programme of Radio Pakistan’s News and Current Affairs Channel‚ economist Dr. Ayub Mehar said government took fundamental steps to improve the economy and increase has been witnessed in foreign remittances.
He said the appreciation of rupee and bullish rent of stock exchanges are laudable. The increase in the value of rupee will have a positive impact on our import prices. He said we have to increase our exports for the sustainability of our economy. He emphasized to bring Foreign Direct Investment to the country to boost the economy.
Taking part in the programme‚ former President Rawalpindi Chamber of Commerce and Industry Syed Ali Raza Shah said the appreciation in the value of rupee against dollar will decrease our import bill. He said it is expected that prices of medicines‚ petroleum products and electronics will decrease in the country‚ which will be beneficial for the ordinary people‚ but it will take some time
Talking in the programme‚ President Islamabad Chamber of Commerce and Industry (ICCI) Shahban Khalid said the appreciation of rupee is unprecedented in the history of Pakistan. He said investment in the country increased due to the sound policies of the government. He urged the government to target Real Estate and Agriculture sector for broadening the tax net.
In his comments‚ Former Finance Minister Shaukat Tareen said in past there was no political will to improve the economy of the country‚ while the present government has taken encouraging steps for the improvement of the economy.
Concluding the debate‚ Businessman Ishtiaq Baig stressed the need for improving tax collection system in the country. He said people’s confidence in Pak Rupee will increase due to its appreciation.