Dar expresses satisfaction over economic progress
Finance minister hopes GSP Plus status will further strengthen country’s economy.
Finance Minister Ishaq Dar has expressed satisfaction over the progress made so far in achieving the economic targets set by the PML-N government for the current fiscal year.
He was presiding over a meeting to review the state of economy in Islamabad on Saturday.
Secretary Finance Dr. Waqar Masood briefed the meeting on the measures taken to contain inflation. He said these measures have started showing results as reflected in the continuous decline in Sensitive Price Indicator.
The meeting was told that the prices of essential items are showing decreasing trends. There is stability in the prices of bread‚ beef‚ chicken‚ fresh milk‚ cooked pulses‚ matchbox‚ petrol‚ diesel and bath soap.
The meeting also reviewed the balance of payment position. It was also noted that growth rate in textile export was very encouraging whereas the import of machinery had increased by 26.3 per cent which is a positive development.
While reviewing external inflows‚ the Finance Minister hoped that in the coming months the situation would improve further due to positive impact of GSP Plus status.
Ishaq Dar expressed satisfaction that credit to the private sector has increased to Rs.230 billion during January 2014 as compared to Rs.53 billion in the same period last year.