PM appreciates Dar for unprecedented economic performance

ISLAMABAD, July 1 (APP): Prime Minister Muhammad Nawaz
Sharif Friday appreciated the economic team, led by Finance
Minister Ishaq Dar, for its tireless efforts, leading to unprecedented economic returns for the country.

The Prime Minister lauded the economic team for achieving
milestones in the economic sphere and putting the country on the path of sustainable economic growth and prosperity.

He pointed out that the country’s foreign exchange reserves
have crossed $ 23 billion, which stood at $ 6.8 billion in June 2013.

“The present highest foreign exchange reserves in Pakistan’s
history speak volumes of the success of our government’s economic policies, aimed at achieving long term economic stability and sustainable growth,” he said.

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The Prime Minister said tax collection to the tune of
Rs. 3104 billion represents 60% increase in last 3 years, which
reflects an average increase of 20% per annum, while these average increases were mere 3% during the period 2008 2013.

The Prime Minister said the next two financial years would
see more economic growth and enhanced investments in the energy and infrastructure sectors.

“Our government is already executing Rs. 900 Billion
infrastructure projects which include $ 1.5 billion as private investment.”

The Prime Minister said achieving the status of emerging
market by Pakistan was the reflection of prudent financial and
economic policies which were recognized by International Financial
Institutions and agencies.

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“Success of our government’s vision is not confined to
rhetoric, rather vividly reflected in the economic growth,” the
Prime Minister said.