Ma­jor chal­lenges of eco­nomic re­vival

Enterprise - - National news -

The Fed­eral Fi­nance Min­is­ter, Ishaq Dar has said the govern­ment is com­mit­ted to overcoming ma­jor chal­lenges of eco­nomic re­vival, en­ergy cri­sis, elim­i­na­tion of ter­ror­ism and ex­trem­ism from the coun­try and dou­bling the education and health sec­tors’ bud­get.

He was ad­dress­ing the pass­ing out cer­e­mony of Pro­ba­tion­ary Of­fi­cers of the 42nd Spe­cial­ized Train­ing Pro­gramme of the FBR here at Di­rec­torate Gen­eral of Train­ing and Re­search (In­land Rev­enue).

Ishaq Dar said: “I have firm be­lief and faith that Pak­istan has great po­ten­tial to progress and has very bright fu­ture that is why we have al­most grasped all th­ese ma­jor chal­lenges by en­sur­ing re­mark­able achieve­ments in th­ese di­rec­tions.”

He men­tioned that the PML N govern­ment had al­ways put the coun­try’s econ­omy on track to speedy growth cit­ing that in 2012-13 Pak­istan’s econ­omy was de­clared in­sta­ble and no coun­try was then ready to do busi­ness with Pak­istan or to buy Pak bonds but to­day Pak­istan’s bonds in­clud­ing Sukuk got un­prece­dented re­sponse at global level.

He said the present govern­ment man­aged to sta­bi­lize Pak­istan’s econ­omy in just two years and that is why 22 cred­i­ble in­sti­tu­tions of the world have de­clared Pak­istan’s econ­omy much sta­ble.

“Ac­cord­ing to one of the global eco­nomic pun­dits, Pak­istan could be­come world’s 18th largest econ­omy from the cur­rent 44th till 2050, pro­vided she main­tained its cur­rent pace of eco­nomic de­vel­op­ment,” he said.

The Fi­nance Min­is­ter said the PML-N govern­ment man­aged to bring down the bud­get deficit to 5.3 per­cent from 8.8 per­cent and would soon lower it fur­ther to 4.3 per­cent.

“We have cur­tailed the dis­cre­tionary funds of the Prime Min­is­ter and the min­is­ters,” he added.

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