Islamabad, (Pakistan Point News - 1st July, 2016) : Prime Minister Muhammad Nawaz Sharif has extended appreciation for the Government’s economic team led by Minister for Finance Ishaq Dar for their tireless efforts which have resulted in unprecedented economic returns for the country. The Prime Minister applauded the economic team for achieving milestones in the economic sphere and putting the country on the path of sustainable economic growth and prosperity.
‘The country’s foreign exchange reserves have crossed $ 23 billion, which stood at $ 6.8 billion in June 2013. The present highest foreign exchange reserves in Pakistan’s history speak volumes of the success of our government’s economic policies. Our policies are aimed at achieving long-term economic stability and sustainable growth’, added the Prime Minister.The Prime Minister said that Tax collection to the tune of Rs. 3104 billion represents 60% increase in last 3 years, which is an average increase of 20% per annum.
While these average increases was mere 3% for the period 2008-2013. The Prime Minister emphasized that next two financial years would see more economic growth and enhanced investments in the energy and infrastructure sectors. Our government is already executing Rs. 900 Billion infrastructure projects which include $ 1.5 billion as private investment.The Prime Minister said that achieving the status of emerging market by Pakistan is the reflection of prudent financial and economic policies of our government which are recognized by International Financial Institutions and agencies. Success of our government’s vision is not confined to rhetoric rather vividly reflected in the economic growth’, said the Prime Minister.