Microfinance yielding positive results: Hafeez Sheikh
He said the government has been providing incentives to exporters to encourage and promote exporters
ISLAMABAD (Dunya News) – Adviser to the Prime Minster on Finance and Revenue Dr Abdul Hafeez Sheikh on Wednesday asserted that the microfinance could help in documentation of economy owing to its outreach.
He addressed a ceremony in Islamabad, and stated that significant progress has been made in the microfinance sector and now the sector has been yielding positive results, in the shape of offering job opportunities and boosting economic activities in the country.
The adviser said microfinance has been proving helpful in providing solutions to many challenges facing Pakistan. “We have low saving rates in the country however; the microfinance can be helpful to address this issue.”
He said the government inherited grim economic situation laden with debts. “The current account deficit was massive, but now we are witnessing turnaround as the economic environment is stablising due to prudent economic policies of the incumbent government.”
The adviser said foreign direct investment has been significantly increasing which indicates the growing confidence of the international community on improving economic prospects in Pakistan.
He said the government has been providing incentives to the exporters to encourage and promote exports.
