Pakistan back on path of economic growth, owing to political stability: PM

279

ISLAMABAD, Dec 23 (APP): Prime Minister Muhammad Nawaz Sharif Wednesday said Pakistan was back on the path of economic growth, owing to political stability, improved security and transparency in the public sector governance.

He was talking to Minister for Finance Muhammad Ishaq Dar who called on him here at the PM House.

The Prime Minister also attributed the “irreversible economic development” and the “positive growth” to investments in energy and infrastructure sectors.

Finance Minister Dar informed the Prime Minister that country’s foreign exchange reserves have increased to a record US 21 billion dollars, of which 16 billion were with the State Bank and 5 billion with the commercial banks.

The Finance Minister also informed the Prime Minister that since last year the share of State Bank of Pakistan has increased from three to 16 billion US dollars.

The Prime Minister appreciated the performance of the economic team led by the Finance Minister.