Summary Says the IMF has expressed satisfaction over Pakistan’s economic condition.
ISLAMABAD (Web Desk) – Federal Finance Minister Ishaq Dar has said GDP growth rate is on the rise while inflation is on the decline due to prudent policies of the government.
Addressing a news conference here on Saturday, Ishaq Dar said the government has to take difficult decisions to put the economy on right track.
The minister said the IMF has expressed satisfaction over the balance of payments and appreciated measures taken by the government to improve economy.
He said the IMF revised its figure after the third review and projected the GDP growth at 3.3 percent.
Dar hoped that we will achieve average four percent GDP growth during this financial year.
The finance minister said inflation during the first 10 months of this financial year remained 8.7 per cent. He hoped that inflation will come down to five to six per cent. He said the IMF has also recognized improvement in balance of payment position.
Ishaq Dar said Federal Board of Revenue collected 1,745 billion rupees in first 10 months of this financial year. He hoped that the revenue target will be achieved.
