Tuesday, September 27, 2022

Corrective measures have been taken to revive economy: Khusro


ISLAMABAD: Minister for Planning and Development Makhdum Khusro Bakhtyar on Wednesday said the government had taken a number of corrective measures to revive the national economy and put it on path to sustained growth.

Talking to the visiting IMF Mission led by Harald Finger, which called on him in Islamabad, he said the government was focusing on human resource development and job creation to protect and provide relief to marginalised segments of the society.

The minister apprised the mission that viewing the economic situation, the Ministry of Planning, Development & Reform (PSDP) had been rationalised.

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“The emphasis was being laid on attracting investments in areas where it could lead to direct impact on exports or reducing the import bill,” he said.

He apprised that new ways of financing were also being explored. He added that the government was also paying attention on improving electricity transmission system in the wake of increased power generation capacity.

Khusro Bakhtyar underlined that robust economic planning was being made to enhance tax to GDP ratio by increasing domestic revenue.

Talking about the China Pakistan Economic Corridor (CPEC), the minister said that the mega project had now entered into its second phase with focus on industrialisation, socio-economic initiatives and joint ventures especially in agriculture sector to increase productivity as well as improve irrigation network system.

The mission hoped that the measures being taken by the government would enable it to achieve economic turnaround. The visiting IMF mission appreciated the CPEC for increasing energy production in its initial phase and said that it will aid in achieving sustained economic growth.


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