Country's Growth Momentum Continues To Be On High Trajectory: FS
Faizan Hashmi Published December 14, 2017 | 09:15 PM
Finance Secretary Shahid Mahmood Thursday said country's growth momentum continued to be on a relatively high trajectory
ISLAMABAD, (UrduPoint / Pakistan Point News - 14th Dec, 2017 ) :Finance Secretary Shahid Mahmood Thursday said country's growth momentum continued to be on a relatively high trajectory and inflation continued to remain low and stable, helped by supportive fiscal and monetary policies.
These improving trends in our economy compelled us to start thinking of not going to International Monetary Fund (IMF), he said this while talking to media. He reiterated governments commitment to stay on path of fiscal consolidation supported by increase in Federal board of Revenue revenues and prudent expenditure management.
He said the government would continue its reform efforts for public sector enterprises and protecting the vulnerable segments of the society. He said during recent visit of the IMF mission to Pakistan, they were informed about the steps being taken by the government for improving economic situation of the country.
He said discussions largely focused on the recent economic developments and its outlook. Deliberations were also held on reform efforts undertaken by the government including fiscal, monetary, financial, energy policies and strengthening investment climate.
He said the mission recognized that Pakistan's growth momentum was on a high trajectory and the continued policy reforms were likely to contain external imbalances while supporting economic growth in the medium term.
He said the mission also recognized notable improvements in foreign direct investment, pickup in exports and recovery in workers' remittances. It also focused on addressing some of the vulnerabilities emanating from the higher level of imports and pressure on country's foreign exchange reserves. However, the mission welcomed the new policy actions to address these concerns.
Related Topics
Recent Stories
UHS declares MBBS first prof, MS urology exam results
Separate coaches to be hired for ODIs, Test and T20I formats
Finance Minister calls for reforming tax system to improve country's economy
PM calls for joint efforts to check smuggling, power theft
Infinix Unveils a Vibrant New Chapter with Wahaj Ali: The face of Infinix NOTE 4 ..
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
More Stories From Business
-
Exchange rates for currency notes
43 minutes ago -
PTC rebuts misleading tax loss figures, seeks fair market competition
2 hours ago -
Economy commences on better note in 2024: Finance Minister
2 hours ago -
Gold rates up by Rs.3,800 to Rs.234,800 per tola
2 hours ago -
SACM directs authorities to find out solution to problems of miners, crush plants
2 hours ago -
Weekly inflation falls slightly
2 hours ago
-
Uzbekistan's Ambassador, Pakistan’s Commerce minister forge path for enhanced economic ties
2 hours ago -
Finance Minister calls for reforming tax system to improve country's economy
3 hours ago -
Economy commences on better note in 2024: Finance Minister
3 hours ago -
BIST 100 up at Friday’s open
4 hours ago -
Biden administration approves $60M to rebuild Baltimore bridge
4 hours ago -
China to export homegrown tunnel-boring machine to Italy
4 hours ago