ISLAMABAD:(APS)December 2, 2016-Finance Minister Ishaq Dar says the economy of the country has been improved and strengthened due to the prudent policies of the government.
He was addressing participants of National Security Workshop at Institute for Strategic Studies, Research and Analysis, National Defence University in Islamabad today.
The Finance Minister said that after coming into power in 2013, the government took necessary and difficult steps to avoid predicted default, and ensure fiscal discipline and consolidation. He said the government undertook structural reforms, including restructuring Pubic Sector Enterprises and other measures including reduction in un-targeted subsidies and broadened the tax base.
Ishaq Dar said that measures were also taken to build foreign exchange reserves, contain inflation and overcome energy shortages. He said now Pakistan’s ratings have been improved by Rating Agency as acknowledgement of our achievements.
The Minister noted that the slowdown in the global economy has posed a risk for Pakistan like other developing economies. He said that the strengthening of the energy infrastructure and improving the security situation will be the key to achieving higher levels of growth in Pakistan.