Pakistan

Completion of ongoing power projects will help overcome load-shedding: Dar

ISLAMABAD: Finance Minister Ishaq Dar on Thursday said completion of the ongoing power projects will help overcome load-shedding.

Dar said the government had made difficult decisions to bring the economic situation to improvement.

“Suggestions of all stakeholders were taken into consideration while preparing budget. The present economic stability is due to collective wisdom and consultations,” he said while addressing a post budget conference in Islamabad.

Ishaq Dar said when the Pakistan Muslim League-N assumed power in 2013, Pakistan was passing through a difficult time and foreign exchange reserves of the country had fallen to 11 billion dollars, with the risk of default looming on the horizon.

He said our GDP has reached 5.28 percent from 3 percent in four years time.

The finance minister said inflation rate had been decreased to less than 4 percent and the target of tax collection set at Rs4,000 billion.

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