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PR No. 271 FINANCE MINISTER CHAIRS MEETING TO REVIEW PROGRESS ON SUSTAINABLE GROWTH Islamabad: April 29, 2016

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division to review the progress on reforms related to sustainable and inclusive growth.

Secretary Finance, Dr. Waqar Masood Khan briefed the meeting about the progress of ongoing reforms, especially measures taken to facilitate the deprived segments through the Income Support Program. He also briefed the meeting on proposed measures to be taken in the upcoming budget to enhance financial inclusion of people in the under served areas.

The Finance Minister on the occasion said that by better fiscal management the government has brought down the budget deficit from 8.8% to around 4.3%. The tax net is being expanded and revenue growth has touched 19% this year. The international credit agencies have improved their ratings for Pakistan and we have come a long way on the road to macro-economic stability and now tread on the path to sustainable and inclusive growth.

The Minister directed that proposals for Budget 2016-17 should be formulated keeping in views focus of the Government on achieving higher growth which will help generate more employment opportunities.

The meeting was attended by senior officials of the Ministry of Finance.

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