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14 December 2017 Last updated 4 hours ago

Govt focusing on sustainable higher growth after achieving macroeconomic stability: Ishaq Dar

Finance Minister Muhammad Ishaq Dar Finance Minister Muhammad Ishaq Dar

Finance Minister Muhammad Ishaq Dar says Gross Domestic Product growth rate is expected to be above five percent during current fiscal year with inflation slashed to single digit around four percent - the lowest in forty-seven years.

In his address at the second business session of annual meeting of Board of Governors, Asian Development Bank in Yokohama Japan, he said that an effective resource mobilization strategy also helped in increasing tax collections by sixty percent over the last three fiscal years.

The Minister said after achieving macroeconomic stability focus of the government is now on realizing sustainable, inclusive and higher growth.

He said Pakistan's economy is on the rise and we are open for business offering attractive investment opportunities.

Meanwhile, talking to Deputy Prime Minister and Finance Minister of Japan, Taro Aso, Ishaq Dar urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan.

The Japanese Deputy Prime Minister appreciated the economic performance in Pakistan and said that country is well poised for Japanese and international investors as an attractive investment destination especially in the textile sector.