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Government is dealing successfully with the challenges: Ishaq Dar

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Finance Minister Senator Mohammad Ishaq Dar  addressing on the  Inauguration of new building of FPCCI in Islamabad on 22-10-2016.

ISLAMABAD:(APS)October 22, 2016-Finance Minister Ishaq Dar says the government is successfully dealing with the challenges of economy, energy shortage, and terrorism.

He was addressing the inaugural ceremony of the new building of Federation of Pakistan Chambers of Commerce and Industry in Islamabad on Saturday.

The Finance Minister said the country was on the brink of bankruptcy in 2013 with less than 7.3 billion dollars foreign exchange reserves. However, today, the country’s foreign exchange reserves have risen to the highest level of 24.5 billion dollars.

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He said the government is committed to take the current GDP growth rate of 4.71 percent to seven percent. The World Bank and IMF are forecasting Pakistan’s GDP growth rate to reach five percent by the end of the current financial year.

He said twenty-two financial institutions in the world have acknowledged improvement in Pakistan’s economic condition.

About the energy shortage, Ishaq Dar said the government has planned projects of 25,000-30,000 megawatts of electricity, and 10,000MW of them will be added to the national grid by 2018.

The Minister said terrorist hideouts have been destroyed under the ongoing Operation Zarb-e-Azb. He said the lights of Karachi have been restored through an operation within three months. He said the country had to face a total loss of over one hundred billion dollars in the war on terror.

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