Process of reforms to continue in next two years: Ishaq Dar

Islamabad, July 11, 2016 (PPI-OT):Finance Minister, Senator Mohammad Ishaq Dar has said that the process of economic reforms initiated under the leadership of Prime Minister Muhammad Nawaz Sharif three years ago would continue with the same vigour during the next two years.

In a statement issued here, the Minister said that the economic reforms carried out so far had paid dividends and economic conditions had shown marked improvement. He said that the government had to take many tough and unpopular decisions in the process, but the results have demonstrated the benefits of these reforms to macroeconomic stability that the country has achieved within a span of three years.

He said that reforms had been introduced to strengthen institutions including the State Bank of Pakistan, Securities and Exchange Commission of Pakistan and Federal Board of Revenue which have contributed to the strengthening of these institutions as well as positive results in the fiscal side of the economy.

Finance Minister added that the continuity of the implementation of reforms as per the agenda of Prime Minister Muhammad Nawaz Sharif and Pakistan Muslim League (N) would ensure consolidation of economic gains so far achieved and will provide for setting the country on a higher growth trajectory in order to achieve inclusive and sustainable growth, jobs creation and reduction in poverty.

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