“The current government took the economic problems as a challenge and turned the economy from negative to stable and then positive,” he said while addressing Income Tax Officers in Lahore.
The minister said world financial institutions have acknowledged the improvement in Pakistan’s economy.
He said Pakistan has the potential to emerge as 18th largest economy by 2050. He said country’s foreign exchange reserves had also improved.
The finance minister said the government was working on various energy projects and ten thousand MW of electricity would be added to the national grid till March 2018.
He said in addition they were working on 14000 MW energy projects under medium term plan and it would help in overcoming energy shortage.
He said there is eighty percent improvement in law and order situation in Karachi because of operation against terrorists and crime rate had come down. He said situation was improving in Balochistan as well.
He said 38 percent Temporarily Displaced Persons had returned to their homes and the remaining would be rehabilitated soon. He said international funding for terrorism had also been controlled.
The minister said it was the priority of the government to double the allocations of education and health sectors. He said under Benazir Income Support Programme, poor and needy people were being provided financial assistance in a transparent manner.
Later talking to the media, finance minister said visit of Indian Prime Minister Narendra Modi was a goodwill gesture.
He said we appreciate and encourage the goodwill gesture of Modi.