Finance Minister Ishaq Dar has said national economy had been put back on track as a result of successful infrastructural reforms.
Speaking at the Pak-US Business conference in Islamabad on Tuesday, he said the government had put in place a forward looking economic agenda for ensuring sustainable growth. He said the economy which was facing serious challenges a year ago was now improving with great positive indicators for economic stability.
He said Pakistan had completed six IMF reviews of its economy successfully which proved that the country was heading towards stable economic. The finance minister said that inflation had been declined into single digit of 6 per cent, revenue collection increased by 13 per cent and foreign exchange reserves enhanced up to 16 billion dollar which was all time high.
Ishaq Dar said the government had taken coordinated measures to promote foreign direct investment in the country and hoped that the investors from all over the world especially from the United States will take full benefits of investment opportunities in Pakistan.
He said the government had embarked on an ambitious programme for energy generation through various means including hydro, thermal, coal, renewable and alternate resources.
He said the work was underway to generate 10,000 mega watts electricity by the end of next three years which will help eliminate power load shedding and give a boom to economic growth.
Federal Minister for Commerce Khurram Dastagir said the government was making all possible efforts to uplift the economic conditions of the country. He hoped that the conference will provide opportunity to bring Pakistan and the United States closer and will lead to open new avenues for enhancing bilateral trade.
Addressing the conference, Commerce Minister Khurram Dastgir said better policies of government had helped attract foreign investors. He said better relations between the United States and Pakistan will help boost the economy of the country. The minister said that Pak-US partnership was moving towards a positive direction and both the countries were taking steps for enhancing bilateral trade and cooperation in many sectors.
