Finance Ministry claims economy moving progressively on stabilisation path
ISLAMABAD: The Ministry of Finance on Thursday said economy of the country was moving progressively on adjustment and stabilization path due to the government’s extensive measures.
In a statement, the spokesperson of the ministry said the government was focused on bringing improvement in the real sector growth through inclusive growth in agriculture, industrial and services sectors.
It said the government was also effectively working to meet challenges reducing inflation, creating job opportunities and achieving high growth rate.
The statement said keeping in view the positive developments on major economic indicators, the economy was likely to achieve better growth prospects as against the projections of the World Bank.
On Dec 24, the International Monetary Fund (IMF) had said economy of Pakistan was improving due to steps taken by Islamabad in line with the programme, media sources had reported.
“Pakistan has took collective steps to uplift ailing economy,” the mission chief of the IMF had narrated in its review report.
Pakistan had been urged to develop structural reforms as it needed to come out of the boom and bust cycle. The current account deficit was also decreasing.
The government had increased funds for the Benazir Income Support Programme (BISP), although the growth was gradual at this time, it was assumed.
The IMF mission chief had further added that the faith of the investors was restored in the Pakistani economy through the steps taken by the incumbent government.