The Pak Banker - - FRONT PAGE -

Min­istry of Com­merce and PTA at­tended the meet­ing.

Mean­while, Fed­eral Fi­nance Min­is­ter Ishaq Dar Wed­nes­day said the na­tional eco­nomic growth had jumped up to above five per cent this year from last year's 4.24% and healthy eco­nomic in­di­ca­tors sug­gested it would soon reach 6-7 per cent mark. He said this while ad­dress­ing a big gath­er­ing of in­dus­tri­al­ists and traders at the Multan Cham­ber of Com­merce and In­dus­try (MCCI).

Spe­cial As­sis­tant to Prime Min­is­ter on Rev­enue Ha­roon Akhtar Khan, Spe­cial As­sis­tant to Prime Min­is­ter on Law Ashtar Ausaf, chair­man Fed­eral Board of Rev­enue (FBR) Nisar Muham­mad Khan, pres­i­dent MCCI Fa­reed Mughees Sheikh and other prom­i­nent in­dus­tri­al­ists and of­fi­cials were also present. Ishaq Dar an­nounced that the re­fund cases below or up to Rs 5 mil­lion would be re­solved by March 15 and their re­fund pay­ment or­ders (RPOs) would be is­sued shortly.

The fi­nance min­is­ter re­called that there was a time in past when econ­o­mists were apprehending eco­nomic in­sta­bil­ity be­fore the PML-N govern­ment due to poor macro eco­nomic in­di­ca­tors in the coun­try. And, they had as­sessed that any new elected govern­ment would re­quire at least four years to avert the de­fault and bring eco­nomic sta­bil­ity back. How­ever, Dar added, the PML-N govern­ment took only two years to im­prove eco­nomic in­di­ca­tors to a sta­tus that trig­gered com­men­da­tions and ac­knowl­edge­ment from world's 22 eco­nomic in­sti­tu­tions.

World's econ­o­mists ap­plauded Pak­istan's eco­nomic per­for­mance and Bri­tish econ­o­mist Jim O'Neill said in his re­port that Pak­istan had po­ten­tial to be­come the 18th largest econ­omy by 2050, Ishaq Dar said adding that to­day Pak­istan's econ­omy was ranked at 44th in the world. Dar said the re­port was en­cour­ag­ing and ac­knowl­edged the eco­nomic achieve­ment of the coun­try, adding that it should in­spire all to achieve the pro­jected tar­get much ear­lier than 2050. Why not achieve it in 2035, the fi­nance min­is­ter said and asked the op­po­si­tion and all political par­ties and stake­hold­ers to give sug­ges­tions how to reach a goal of be­com­ing the world's 18th largest econ­omy through com­bined ef­forts.

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