Finance Minister Ishaq Dar on Wednesday said that top priority of the government was to revive economy and to bring prosperity and stability.
He said, “We required to increase our gross domestic product (GDP) and reduce fiscal deficits to control the price hike in the country.” The minister said that the government would initiate an effective price control mechanism to control inflation and provide food items at affordable prices to the people. Dar said that economic stability was necessary to save the sovereignty and raise the country’s dignity in international community.
Talking to a private TV channel, he said that the government wanted to restructure Pakistan International Airlines (PIA). He said that the government would appoint professional heads at national institutions. Dar said that law and order was necessary to attract foreign investment and economic stability in the country.
He said that solution of the energy crisis and exterminating extremism were one of the top priorities of the government in order to restore the economic activities and revival of national economy.
He said that the government had initiated sound economic and trade policies to create new employment opportunities for the people and eradication of poverty in the country. To a question, he said that no immediate policy had been under consideration to give Most Favoured Nation (MFN) status to India.
Dar said that security and economy were considered the big challenges for the country and the government wanted to resolve these challenges in consensus with all political parties of the country.
He said that the government would soon stabilise the value of local currency against the dollar and termed the shedding of rupee to smuggling of gold from a neighboring country. To a question, he said that the government had paid the circular debt of Rs 503 billion to independent power producers (IPP), which had restored the confidence of investors in the government’s economic policies.
To another question, he said that the government had initiated policies and structural reforms to broaden tax net regime and bringing the tax evaders under the tax net for the prosperity of the country. He said that the government had successfully reached on a loan agreement with the International Monitory Fund (IMF) on Pakistan’s own condition and denied that the agreement was reached on the dictation of the fund.
He regretted that due to wrong policies and delay in the implementation of development projects like Neelum-Jhelum Hydropower Project and Nandipur Power Project the costs of these projects increased, which was an injustice with the country and its people. To another question, he said that the government wanted to provide cheap energy to the people and reduce dependency on generating electricity on furnace oil and convert these projects to coal and wind.
The revival of economy through IMF loans? how funny
This song is old play a new tune is required now
Shame on you PT. To stay in this profession one needs to have courage and conscience.
Naaaa .This is the rivival of personal economies using Pakistan Govt. While APC has been called to frame policy against terror attacks no such action was considered necesssary to frame Economic Policy. Secretly they prostrated before IMF.and we the people see it when power rates go up ,all energy rates go sky high and Nawaz ,Ishaq are bending backwards to please Indians totally ignoring self respect or dignity. Both want to emulate Ambani.So don't fool us Ishaq Dar.
face is the index of man.lies,deception,making fool of public.political rehtorics is writ large on his face.no one trusts them.they were partners in destruction in zardari period as ;mumafti sathi opposition.why dollar at rs 100/why not rs 60.becausr 100-150 suits their personal business empire.the government of sambundis is enemy number one of poor.may Allah ruin them to opieces and zero their wealthn and of their family,children.they become paupers for ruining safidposhs,poor
who trusts them-enemies of poor
Mr Darr talks rubbish How can you claim a revival of economy when you took a huge loan from IMF soon after taking oath of the office Please do not bluff the nation Majority of the Pakistanis living inside and outside Pakistan do remember your past and performance as Finance Minister. You and your party are only after grabbing money and investing outside Pakistan If it was your hard earned money and you invest inside or outside that is your right but not the public money. It is sad that you fiddled with votes and rigging gave you the position You both brother in laws are ruining the country and masses have lost faith in you as a party Honesty is the best policy and that is lacking in your party Wake up and do something better for the country.
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