FPCCI Lauds Govt For Financial Policies;attaining Macro-economic Stability

LAHORE, (UrduPoint / Pakistan Point News - 15th Augst,2016) : President Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Abdul Rauf Alam Monday lauded the financial policies of the government, saying the country was successfully attaining macro-economic stability.

Talking to APP telphonically on Monday, he said that pakistan stock exchange (PSE) during the last week crossed the highest ever mark with 40,000 points benchmark. He said that the growth was hitting record high including re-engagement of international financing institutions which was firmly pursuing the goal of economic growth and employment generation. Rauf Tahir said that the Exchange was growing and hitting benchmarks more often since the past year.

In June, shares of indigenous companies and organizations posed for their highest weekly gains in the last three years, he added.

He said that it was a good sign that all the macro- economic indicators were positive, forex reserves stood at over 20 billion Dollars and inflation rate was under 3 percent. FPCCI President said that it was more encouraging that government was successfully attaining macro-economic stability including re-engagement of international financing institutions which was firmly pursuing the goal of economic growth and employment generation. He said that apart from due focus on economy, the government also paid full attention to development of energy sector to alleviate the problem of energy shortage in the country.