Business

ISLAMABAD (Staff Report) – Finance Minister Senator Mohammed Ishaq Dar has said all out efforts were being made to bring Pakistan International Airlines (PIA) out of deficit.

Talking to a private news channel he said, the government had started restructuring of national flag carrier from day one.

Its fleet had been expanded from 18 to 38 which would soon reach 40, he added.

To a question about privatization of the Steel Mills he said, initially, Sindh Government was offered to purchase the Steel Mills. He said, civil and military leadership had same goals regarding operation Zarb-e-Azb and eradicating terrorism from the country.

To another question the Minister said, former Balochistan Chief Minister Abdul Malik, his party and Pakistan Muslim League-Nawaz (PML-N) would continue their cooperation for the peace and progress of the province.

Dar said, seminaries and international non-governmental organizations (INGOs) were being registered under newly formulated policy.

He said, Karachi operation should continue as due to the operation, peace had been restored in the mega city and economic activities of the city noticed an upward trend.

He said, the government had reduced the fiscal deficit by 50% and Pakistan’s economic progress was best in the region, he added.

To another question he said, tax and energy reforms were must for economic stability of the country and enhanced tax collection was only way out to overcome fiscal shortfall.