Economy improving due to govt’s prudent policies: Dar

ISLAMABAD: Minister for Finance, Senator Muhammad Ishaq Dar has said Pakistan Muslim League-N government, has focused on overcoming energy crisis, eradicating extremism, and ensuring a stable economy after coming into power.

“Around 14,000 mega watt electricity would be added to national grid by 2018 and several power projects have also been launched including Dasu, Neelam-Jehlum, Basha-Diamer and up-gradation of Tarbeela Dam,” he said while talking to a private news channel.

Ishaq Dar said the government has increased tax net up to 33 percent, and added there is a dire need of tax reforms in the system to make it more effective.

“Steps are being taken to make Federal Board of Revenue (FBR) tax-friendly in order to encourage the masses for paying their taxes”, he added.

The minister said inflation had come down due to the prudent policies of the government, besides an increase in foreign reserves.

Ishaq Dar stressed the need for segregating politics from economy, and added economy ought to be the central point of politics.

He said the international community now has a positive perception about Pakistan since its economy was improving.

He said oil prices were lower as compared to India and other neighbouring countries.

Replying to a question, he said Prime Minister Muhammad Nawaz Sharif had taken major national decisions in consultation with all political parties to further strengthen democratic process in the country.

He urged that every citizen should work for the country’s welfare, progress and prosperity.

Ishaq Dar said visit of Prime Minister to United States was positive and productive in enhancing bilateral relations, specially in trade sector.

Associated Press of Pakistan