GDP On Upward Trajectory: Dar
Fahad Shabbir (@FahadShabbir) Published January 02, 2017 | 08:00 PM
ISLAMABAD, Jan 2 (UrduPoint / Pakistan Point News - 02nd Jan, 2017 ) : Finance Minister Senator Mohammad Ishaq Dar said on Monday the country's Gross Domestic Product (GDP) appeared to be on upward trajectory.
Chairing a meeting here to review the economic performance in six months ended December 31, 2016, he said inflation was steady below 4% in December while average inflation during July-December was recorded at 3.88%, reflecting continued price stability.
The minister noted that the performance of Federal Bureau of Revenue was at around 7% during last sux months which reflected catching up of the shortfall experienced in the initial months, largely on account of giving relief to consumers on petroleum prices together with sales tax refunds of Rs 45 billion.
On the expenditure side, the performance was on track as expenditure was allowed in a prudent manner in accordance with budget, and keeping in view the revenue growth, he added.
The minister, while expressing satisfaction on recent economic performance, noted that economic activities were picking up, investments were taking place, particularly in CPEC-related projects which would further accelerate after the recent understanding with Chinese authorities to further expand the scope of CPEC by including water security, Karachi Circular Railway, mass transit programme for Balochistan, projects for Khyber Pakhtunkhwa, and rehabilitation of Railways related project.
He remarked that going forward, Pakistan would experience rising growth and creation of more job opportunities. The meeting was attended by the Finance Secretary and other senior officials of the Ministry of Finance.
Related Topics
Recent Stories
UHS to issue MBBS degrees within three months after final result
Aiman Khan granted UAE Golden Visa
PSX achieves significant milestone, surpasses 72,000 mark
Pak Vs NZ T20I: Orphaned children extended special invitation to watch match
Finance Minister lauds UNDP’s unwavering support during floods
President Raisi leaves for Iran from Karachi
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 24 April 2024
Today Gold Rate in Pakistan 24 April 2024
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
More Stories From Pakistan
-
Pakistan Bar Council upholds suspension of advocate Mashal Yousafzai's license
24 seconds ago -
Envoy visits Netherlands' DRU Industrial Park to explore avenues for cooperation
38 seconds ago -
Man impersonating as Army Major arrested from Swat University
48 seconds ago -
Police carry out search operations in different areas
51 seconds ago -
E&T Deptt checked 2895 vehicles, removed 1066 tinted glasses in ICT
11 minutes ago -
Playback singer Ahmed Rushdi remembered
21 minutes ago
-
Numberdari system stressed to help implement govt policies
21 minutes ago -
Japanese cultural counsellor visits Alhamra
21 minutes ago -
Students of Women University visits SRSO's enterprise development initiatives
31 minutes ago -
Palyback singer Ahmed Rushdi remembered
31 minutes ago -
Zero tolerance against illegal encroachments. RCB Chief
41 minutes ago -
NCHR expresses solidarity with slain Policeman guarding Sikh shopkeeper
51 minutes ago