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Pakistan’s budget deficit has decreased, says Dar

Dar

ISLAMABAD: Federal Minister for Finance Ishaq Dar has said that no one will be allowed to use their political influence for getting their loans waived off, ARY News reported.

Addressing a ceremony of Securities and Exchange Commission of Pakistan (SECP) in Islamabad, Dar said that world institutions have termed the country’s economy stable by lauding its improvement.

“Pakistan has the capacity to increase its economy,” Dar said.

“The budget deficit has also gone down from 8.8% to 4.3%. The government has introduced bills to reform the financial institutions of the country,” the minister said.

He said that there is no shortage of human resources in Pakistan. He added that the federal government will table the Companies Bill 2016 in the National Assembly soon.

The minister said that SECP laws should be made strict because its implementation can bring development.

Dar said that SECP will take strict action against those persons who are doing fraud in Pakistan’s trade and business sector.

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