NEC approves annual development plan for Fiscal Year 2017-18
The approval was given in a meeting presided over by Prime Minister Muhammad Nawaz Sharif in Islamabad on Friday
Addressing the National Economic Council meeting, Prime Minister Nawaz Sharif said Pakistan's economic indicators have significantly improved and this is acknowledged by international financial rating institutions. He said the GDP growth rate of 5.28% for the current financial year is commendable. The Prime Minister said Pakistan is now among the fastest growing economies of the world. Mian Nawaz Sharif said Federal and Provincial governments are working in harmony for development of the country. He said development should not be politicized as it is for prosperity of every Pakistani.
GDP growth rate estimated at 6 percent in next fiscal year: Ahsan
Planning Minister Ahsan Iqbal says economic indicators of the country are highly positive and growth of GDP in the next fiscal year is estimated at six percent. Briefing the news persons in Islamabad on Friday, he said agriculture sector has performed significantly during the current financial year with a 3.5 percent growth and it is expected that in the next year its performance will be better. The Minister said agriculture sector performed due to incentives given by the Prime Minister to farmers including credit facilities, subsidy on fertilizers and electricity bills.
Pakistan’s economic development is impressive and the country will be an important part of the world economy
The Chairman of Pak-Britain Business Council Julian Hamilton Barns has said that Pakistan’s economic development is impressive and the country will be an important part of the world economy in next few decades. He was talking to media during his visit of the Pakistan Stock Exchange in Karachi this morning. The Chairman PBBC said Britain also wishes to be a part of Pakistan's developmental process.
Federal Government is spending two point six billion rupees on the promotion of agriculture in the Federally Administered Tribal Areas.
Twenty food processing and preservation units are being established across tribal areas.
Efforts are underway to open at least one fruit and vegetable market in each tribal agency for the benefits of tribal farmers. The sources said thirty thousand acres of agriculture land will be leveled through laser technology to bring maximum area under cultivation in the tribal belt.