Finance Minister Muhammad Aurangzeb says country’s foreign currency reserves have crossed nine billion dollars mark and confidence of foreign investors is improving due to the government’s effective economic policies.
Addressing a pre-budget conference in Lahore today, he said that due to government’s measures, the value of the rupee is getting stronger while the inflation rate is lowering now.
The Finance Minister said that we need structural reforms and lower the current account and budget deficits. He said that the salaried segment of society is part of the tax net, however the business community should have to be made part of it. He said that the country’s economy will be documented from now on.
He said that the government’s work is to make policy, while that has to be implemented mainly by the private sector which will have to play its role to bring the economic situation out of difficult times. He said that privatization will have to be done for economic stability.
He said that the IMF team has reached Pakistan and talks with them will be held soon.
