Summary International community has started acknowledging Pakistan as boosting economy: Ishaq Dar
ISLAMABAD (Dunya News) – Finance Minister Ishaq Dar said on Wednesday that the current government has paid the costly debts of 10 percent interest rate. He was Addressing a seminar in Islamabad on transparency in government departments, reported Dunya News.
According to the details, Ishaq Dar said that international community has started acknowledging that the Pakistani economy is now in a takeoff position. He also said that international monetary agencies are declaring Pakistan’s economy as stable. He said the economy is far better as compared to 2013.
Ishaq Dar told the media that during the tenure of the current government, the volume of debt increased by 3800 billion rupees while the international debt is only 140 billion rupees. He said 71% of the debt is local while 29% is foreign. Dar said that they took loans from IMF to pay the debts of IMF and they could get only 300 million dollars out of the total loan. He said that mega power projects to produce 10600 megawatt electricity will be completed till 2018.
Talking about the transparency in finance ministry, Dar said that the audit of Nandipur Power Project was carried out by Auditor General while the independent audit companies also audited the payments of 513 billion rupees. He said that transparency is the priority of the current government.
Also read: Taxed people making selfies with pets: Ishaq Dar
Finance Minister Ishaq Dar has on Monday said that the government has taxed only the people making selfies with their pets. He said that the government has only taxed items like imported cosmetics and pet food. He said that these things are already available in Pakistan so won’t affect the poor, reported Dunya News.
In his policy statement at the floor of National Assembly, Ishaq Dar said that the common man will not be affected by the new taxes imposed in order to cover the deficit of 40 billion rupees. “We have imposed the taxes on imported goods. It won’t affect the poor”, he said.
Infuriated at the criticism on the new tax, Dar said, “Yes, we taxed the food of dogs and cats. Those making selfies with their pets will also have to pay taxes. If you want to import the food for your pets, pay the taxes on these goods too. The milk and other food items for pets are already available in Pakistan”.
Finance Minister defended the ordinance turning Pakistan International Airline (PIA) into company but the Opposition parties staged walkout.
