Business

ISLAMABAD (Web Desk) – The Finance Minister Ishaq Dar has said that the economy of the country is improving gradually and economic indicators are tremendously better.

He was talking to the media after the passing-out ceremony of the 47 newly-inducted Revenue Officers at the FBR Training and Research center in Lahore on Saturday.

He said that our GDP rate and capital reflection is extremely high and inflation rate has been declined from eight to one percent.

The Finance Minister said that our foreign reserves have also been increased from eleven point five billion to twenty billion dollars due to prudent economic policies of PML-N government.

Ishaq Dar said that international monetary institutions, which had abandoned their businesses in Pakistan due to the uncertain economic situation, have now resumed their entrepreneurships due to congenial and conducive atmosphere in the country.

Responding to a question about the prospects of the national economy, he said that there is an immense economic potential in Pakistan and the future of the economy of Pakistan is very bright.

To another question, he said that Pakistan is economically more stable today as compared to the previous years.  He expressed hope that the Pakistan would be more developed and economically strong by 2020.

He said that the PML-N government is focusing on poverty alleviation for which forty billion rupees have been set aside in the budget.

Responding to a question regarding short visit of Indian Prime Minister Narendra Modi to Lahore, Ishaq Dar said it was just a goodwill gesture of Indian Prime Minister which must be appreciated. The Special Assistant to Prime Minister on Revenue, Haroon Akhtar Khan also addressed the function.