ISLAMABAD: (APS) June 4, 2016– Prime Minister (PM) Nawaz Sharif has termed the Federal Budget 2016-17 as progressive, further stating that the government has reduced the economic deficiency to half whereas the growth rate has been pushed up to 4.7%, reported APS News on Saturday.
According to a statement issued from the PM House, Prime Minister Nawaz Sharif congratulated Federal Finance Minister Ishaq Dar. He said that the government has made efforts to improve the condition of the average citizen of the country. He further stated that the government received economic maladministration in inheritance, adding that the government brought the country’s inflation rate at its lowest as compared to that during the past decade.
PM Nawaz stated that the current government was able to collect maximum taxes in the country’s history whereas announcement regarding relief for the millions of individuals belonging to the agricultural sector were made in the budget.
Furthermore, the PM mentioned that the government decided to do investment in the Gwadar port project considering its importance as the economic corridor is providing international recognition to Gwadar.