Govt’s effective efforts supporting Pakistan economy: Hafeez Sheikh

ISLAMABAD: Prime Minister Imran Khan’s Adviser on Finance, Dr Abdul Hafeez Sheikh said on Monday Pakistan Tehreek-e-Insaf (PTI) government’s effective measures have started supporting Pakistan economy.

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Addressing a press conference here at the federal capital, PM’s adviser said there has been a gradual reduction in Pakistan’s trade deficit and that the country’s exports have experienced a noticeable improvement.

The government’s effective measures have started supporting the economy, the adviser said, adding that not only were the foreign exchange reserves increasing but that the president of the World Bank, as well as a team of the International Monetary Fund (IMF), had commended Pakistan’s economic efforts.

Dr Sheikh said the IMF team has recommended that the second tranche of the bailout package for Pakistan be approved.

The cement production has bumped up, surpassing 16 million tonnes, he elaborated, adding that the domestic tax net saw a 21-per cent improvement and $2.1 billion of the loans taken by previous governments had been paid off during the PTI tenure.

The concessions to the country’s traders have started yielding positive results, the adviser said, adding that an additional sum worth Rs30 billion had been allocated for the Pakistan Housing Scheme.

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