PM Nawaz Sharif appreciates Ishaq Dar for unprecedented economic performance

Lahore : 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.

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