Islamabad, March 14, 2014 (PPI-OT): “The economy of Pakistan is moving in the right direction and all economic indicators reflect positive trend”, said Senator Pervaiz Rashid, Minister for IB and NH / Spokesman to the Prime Minister in his statement today.
He said that it was due to the vision of Prime Minister, Muhammad Nawaz Sharif and the hard work of the Finance Minister, Senator Ishaq Dar that we have been able to register an all around performance indicating a solid turn around in the country.
It was indeed, due to good governance, transparency, honesty and austerity measures adopted by the Government of PML(N) which has resulted not only in inspiring the confidence of International Community for investment in Pakistan, but has also led us on the path of stability, progress and prosperity, the Senator Pervaiz Rashid emphasized.
He said that after coming into power the government of PML-N, in line with its manifesto, introduced several structural reforms in the economic sector to overcome the challenges it confronted. He said that today, thanks to Allah, all economic indicators are on the positive trend.
Growth is moving up, inflation is going down, foreign exchange reserves are growing, value of rupee is appreciating and the stock market is moving up. He added that the economic scenario of the country is moving in the right direction and we will be able to contribute in prosperity of our people.
The Minister further said that during the last eight months tax collection has witnessed an increase of 17.7 per cent as compared to corresponding period of the last year. He emphasized that this is no small achievement of our revenue machinery.
He added that the government is making efforts to increase the tax net and at the same time saving money from expenditure side. He said that due to prudent economic policy we are hopeful that this year we will achieve growth target of above 4 per cent and in year 2014-15 we expect it to be around 5 per cent. We have introduced several medium to long term structural reform in our economy.
Senator Pervaiz Rashid concluded that, it was all due to these positive indicators, the value of Rupee has enhanced and it consequently marks a beginning of a long journey to attain the economic prosperity for the future generations.
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