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FAISALABAD, Jan 18 (APP):Coordinator for Prime Minister Rana Ihsaan Afzal Khan said on Saturday Pakistan has come out of the danger of default due to positive policy interventions, and it is now heading toward sustainability after improved fiscal and macroeconomic indicators.
Addressing the business community during a meeting at Faisalabad Chamber of Commerce & Industry (FCCI) here, he said that inflation had been brought down from 38pc to 4.1pc. “There was no issue of current account deficit as it is now in surplus of Rs. 18 billion,” he said and added that Pak Rupee was also stable in the open market.
About PSX, he said that it had crossed the barrier of 100,000, which indicated that the economy was heading in the right direction.
He said that a faceless valuation system had been introduced in the FBR for the first time in the history of Pakistan which will plug the loopholes of corruption. “The process of digitization is also in full swing which would improve the overall revenue collection”, he said and added that the government was also seriously working to bring down the electricity prices in the country.
He said that current agreements with IPPs have paved the way to pass on benefits of at least 900 bn to the consumers. “Steps are also underway to provide electricity to the exporters at regionally competitive rates in a phased manner”, he said and added that right sizing in government departments would also help the country to make tangible savings in its expenses.
He assured President FCCI to resolve their issues and in this connection their meetings with the concerned ministries would be arranged on priority basis.
He disclosed that he had played a key role in approving a mega sewerage project for Faisalabad with an estimated cost of Rs.11 bn.
Earlier, President FCCI Rehan Naseem Bharara presented problems being faced by the trade and industry in addition to the local issues.
He also demanded that FCCI must be involved in policy making at the federal and provincial level.
Later, former President Zahid Aslam offered vote of thanks while President Rehan Naseem Bharara presented FCCI shield to Rana Ihsaan Afzal Khan.