Nawaz reaffirms commitment to achieve higher growth rate

Government of PakistanNawaz reaffirms commitment to achieve higher growth rate

ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif has said that the federal government is committed to achieve higher growth rate, contain fiscal deficit and address structural issues.

In a meeting with the Director Middle East and Central Asia Department at the International Monetary Fund (IMF) Headquarters Masood Ahmed who called on him in Islamabad on Thursday, the prime minister appreciated the role of IMF in assisting Pakistan to achieve economic stability and said that the Fund program is on track for completion for the first time in the history of the country.

Nawaz Sharif noted with satisfaction that during the last two and a half years, Pakistan has been moving towards sustainable growth.

The prime minister said that the government has achieved robust economic growth in the wake of improved medium-term growth outlook; sustainable fiscal and external positions. He said that liberalization of trade regime and improved business climate have attracted foreign as well as local investors to invest in diverse fields in the country.

Sharif said that increase in tax revenue and Foreign Exchange Reserves well over $20 billion, resolution of energy issues including electricity tariff rationalization and reforms in the gas sector have significantly contributed towards economic stability in the country.

The premier said that the confidence of the international financial markets in Pakistan’s positive economic outlook is a proof of our successful march on attaining long term economic stability. He said that the ultimate aim of the present government behind all these endeavours is to improve the standard of living of our citizens.

To this end, the government is also pursuing its development agenda simultaneously for creation of economic activities and generation of employment opportunities leading to reduction in poverty, he added.

In his remarks, Masood Ahmad appreciated the economic turnaround achieved by the present government and said that the development agenda being pursued by the government would further consolidate the gains achieved so far in Pakistan’s economy.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

37 Brigadiers of Pakistan Army promoted as Major Generals

CTD Punjab claimed to kill three TTP terrorists near Rawalpindi

0
Rawalpindi, Pakistan: The Counter Terrorism Department (CTD) of Punjab killed three TTP terrorists (officially known as Khawaji) at Chakri, 30 km away from the...
Ukraine to receive 500,000 artillery shells by yearend from Czech Republic Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from Czech Republic, reports Ukrinform. Referring to announcement of Czech Foreign Minister Jan Lipavský, Ukrinform reports that Czech Republic will continue to provide support to Ukraine to repel and stop Russian aggression. "As you know, my country has launched an initiative on ammunition. By the end of the year, 500,000 large-caliber shells will be delivered. We will not stop there. We will continue to provide the Armed Forces of Ukraine with the necessary support," the Czech Foreign Minister emphasized.

Ukraine to receive 500,000 artillery shells by yearend from the Czech Republic

0
Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from...

PTI Protest Updates: Bushra Bibi stays away from protest

0
Islamabad, Pakistan: Owing to the fear of arrest, former first lady Bushra Bibi has decided to avoid the PTI protest on November 24. She...

Bushra Bibi leveled serious charges against Saudi Arabia

0
Monitoring Desk: The former First Lady of Pakistan Bushra Bibi has leveled a serious allegation against a brotherly Muslim country in her recent video...
US reopens Kyiv embassy after warning issued following big Ukrainian strike on Russia

US reopens Kyiv embassy after warning issued following big Ukrainian strike on Russia

0
Monitoring Desk: The United States reopened its embassy in Kyiv after it had shut for the day due to what Washington called the "threat...
Advertisement