Pakistan to become 11th Largest Economy

 
ISLAMABAD - Federal Minister for Finance, Muhammad Ishaq Dar expressed the hope that Pakistan would before long become eleventh the largest economy because of comprehensive measures taken by the govt..
Talking to a personal television channel, he aforesaid that international economic rating agencies were expressing positive outlook of country’s economy. Dar aforesaid that PML-N government had heritable $9 billion loan from previous regimes, that had to be returned.
He was of the read that government had taken loans from International fund to pay the installments for saving the country from changing into a defaulter.
He aforesaid that Islamic Republic of Pakistan loan was Rs2,946 billion rupees until 1999, however in previous regimes it collected to over Rs. 12,000 billion.
Prime Minister Muhammad Nawaz Sharif was committed to place the country in right direction, he aforesaid and added that budget was created in step with the economic agenda of Islamic Republic of Pakistan Muslim League Nawaz (PML-N).
The minister aforesaid that PML-N government was adhering to the policy of non indulgence as Prime Minister’s discretionary funds were stopped and about forty % expenditures of Prime Minister’s House were additionally reduced during this regard.
Electricity tariff wasn't increased within the last fifteen months by previsou regimes to induce political advantages, he aforesaid adding that electricity costs had direct impact on value hike.
Dar aforesaid that government had ensured the payment of circular debt amounting to 503 billion rupees to beat energy crisis. regarding 1700 MW electricity was enclosed within the national grid station, he added.
Responding an issue, he aforesaid that on the direction of the PM, the govt. was giving grant of billion rupees to the domestic users of electricity, spoken language that users of two hundred units were exempted from new raise in value of electricity.
The minister aforesaid that Prime Minister had stressed yank leadership to produce access to its markets for reinforcing trade and economic activities. He aforesaid that investment activities within the country would offer employment opportunities to the folks.
The Minister aforesaid that government was providing grant amounting to Rs. one hundred seventy five billion on diesel.
To another question, Ishaq Dar aforesaid that country’s economy was heading towards recovery, adding that in previous month costs of thirty three basic commodities were sustained, costs of seven things were reduced whereas increase was witnessed in costs of thirteen things.
To another question, he aforesaid that regarding 8500 MW electricity would be enclosed in national grid station throughout subsequent year as government was acting on mega power comes.
He aforesaid that construction of 2 mega water sector development comes as well as Dasu and Diamir Bhasha Dams would facilitate overcome energy crisis and water shortage within the country.