ISLAMABAD – Adviser to Prime Minister on Finance Miftah Ismail says Pakistan has achieved major successes on economic front over the last five years.
He was addressing a Round Table Conference titled “Pakistan Paradise for Investment” in Islamabad on Monday.
Speaking about government’s achievements during the last five years, the adviser said that inflation has been brought down from over 11 percent to under 4 percent while energy crisis has largely been resolved.
He said Pakistan’s economy has the potential to grow by 10 percent annually and if economic policies and reforms, introduced by the government in economic and taxation sectors, continued.
Miftah said the country is going to achieve 5.8 percent GDP growth very close to the government’s target of 6 percent during the year 2017-18.
He said we need to decrease the cost of doing business to make the local industries competitive with the world market and to attract more Foreign Direct Investment (FDI) as well.
Elaborating the economic reforms package announced by the prime minister, Miftah Ismail said the government has announced special taxation relief, especially for the salaried class which is the highest tax paying.
