FPCCI Lauds Govt For Attaining Macro-economic Stability

LAHORE, (UrduPoint / Pakistan Point News - 25th july, 2016) : Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Abdul Rauf Alam on Monday said that it was more encouraging that the government was successfully attaining macro-economic stability including re-engagement of international financing institutions. Talking to APP, he said the government was firmly pursuing the goal of economic growth and employment generation. He lauded the determination of the government to achieve 6 to 7 percent growth rate by 2018. 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.

"There was 18 percent growth in revenue generation during the current fiscal year and the government should achieve the revenue target set for 2015-16," he added. The FPCCI President said that apart from due focus on economy, the government had also paid full attention towards development of energy sector to alleviate the problem of energy shortage in the country. He appreciated the government for giving due focus on anti-terrorism operation which was necessary to ensure a peaceful and secure environment.