Minister Highlights Economic Recovery
Minister addressing a conference pointed out that foreign exchange reserves would soon reach to cover three months of imports in the next few weeks, which had previously dropped to cover only two weeks.
The Finance Minister said that the interest rate is continuously dropping, inflation has decreased to 4.9 percent, while the current account of the country has been in surplus.
“We won’t repeat practices what happened in the past,” Aurangzeb said.
The government will provide guidelines to the private sector, he said. “The government won’t interfere in the private sector,” the finance minister added.
He said the country has successfully moved away from a dual deficit and has been reporting budget surpluses for several consecutive months.
He attributed this recovery to the government’s focused economic policies and stability measures.
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