Pakistan

PM praises Dar for presenting ‘pro-growth budget’

ISLAMABAD: Prime Minister Nawaz Sharif has said the pro-growth budget of the government reflected its vision for a prosperous and developed Pakistan.

Complimenting Minister for Finance Ishaq Dar, he said the minister and his team deserved the appreciation for presenting a pro-growth budget for fiscal year 2016-17.

“We inherited hyper-inflation and financial indiscipline of the highest degree, inhibiting the working class from living lives of dignity, and turned things around to cut our deficit by half, grow the GDP at a 4.7% per-annum rate, improve our balance of trade, bring inflation down to a ten-year low and bring tax collection up to historic levels,” the PM said.


Read more: Dar unveils budget 2016-17, pitches GDP growth target at 5.7pc


The Prime Minister observed that none of these could had been possible if the budget had not mirrored their vision for the country and the vast potential it had.

In the next fiscal year, the government was committed to not only replicate this success, but one-up it, he added.

He said the government has chosen to invest in important project Gwadar, a port with increasing international importance with China-Pakistan Economic Corridor (CPEC) on the horizon.

“We have created new subsidies and public investment in agriculture to help our agro-economy and the millions of Pakistanis who depend on its success for a living,” he said.

 

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