Govt working to enhance GDP growth to 5pc: Dar

Finance Minister Ishaq Dar says the Government is working to enhance the GDP growth of the country to five percent.


Addressing news conference after holding negotiations with IMF in Dubai on Thursday, he said that Chemical, Fertilizer and automobile sectors growth has witnessed increase.

Ishaq Dar said the inflation has been reduced to 2.1 percent, which is lowest during the last twelve years.

He said all indicators of the economy are positive due to prudent policies adopted by the Government. He said that the Foreign exchange reserves have crossed 20 billion dollars.

The Finance Minister said government is strictly working on Fiscal discipline.

He said China Pakistan Economic Corridor (CPEC) project will play a vital role in economic development of the country. The Finance Minister said that the government is taking steps to expand tax net to generate revenues.

He said the Government is working on different energy projects and loadshedding will be ended by 2018.

Replying a question, he said that over all law and order situation in the country has improved including Karachi and Balochistan.

About PIA issue, the Finance Minister said some elements are misleading the masses about PIA privatization. He pointed out the fleet of the PIA has increased to forty with the induction of new jets.


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