PAK ECONOMIC GROWTH TO REACH 6 -7 PER CENT SOON, SAYS ISHAQ DAR
Chitral Times Report
Islamabad: Federal Finance Minister Ishaq Dar Wednesday said
the national economic growth had jumped up to above five per cent
this year from last year’s 4.24% and healthy economic indicators
suggested it would soon reach 6-7 per cent mark.
He said this while addressing a big gathering of industrialists and
traders at the Multan Chamber of Commerce and Industry (MCCI).
Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan,
Special Assistant to Prime Minister on Law Ashtar Ausaf, chairman
Federal Board of Revenue (FBR) Nisar Muhammad Khan, president MCCI
Fareed Mughees Sheikh and other prominent
industrialists and officials were also present.
Ishaq Dar announced that the refund cases below or up to Rs 5
million would be resolved by March 15 and their refund payment
orders (RPOs) would be issued shortly.
The finance minister recalled that there was a time in past when
economists were apprehending economic instability before the PML-N
government due to poor macro economic indicators in the country.
And, they had assessed that any new elected government would
require at least four years to avert the default and bring economic
However, Dar added, the PML-N government took only two years to
improve economic indicators to a status that triggered
commendations and acknowledgement from world’s 22 economic
World’s economists applauded Pakistan’s economic performance and
British economist Jim O’Neill said in his report that Pakistan had
potential to become the 18th largest economy by 2050, Ishaq Dar
said adding that today Pakistan’s economy was ranked at 44th in the
Dar said the report was encouraging and acknowledged the economic
achievement of the country, adding that it should inspire all to
achieve the projected target much earlier than 2050.
Why not achieve it in 2035, the finance minister said and asked the
opposition and all political parties and stakeholders to give
suggestions how to reach a goal of becoming the world’s 18th
largest economy through combined efforts.