Good economic policies bringing stability to Pakistan: FinMin

Islamabad: Federal Finance Minister Muhammad Aurangzeb Monday said that stability has come in the country due to the best economic policies.

Addressing the event in Islamabad, he stated that Pakistan is now following a policy of implementation, ‘We have to widen our tax base for this purpose and solve difficult energy problems. This is the second important part of the reform agenda and third is the reform of public institutions’.

Muhammad Aurangzeb added that the government's job is not to run business, we will complete the privatization agenda quickly, and hope that by the end of June or July we will be in the last phase of this work.

The federal minister continued to say: “We are going into the 24th International Monetary Fund (IMF) program. To make sure that this is our last program, we must have a clear view of the road to market. Firstly growth in exports and secondly Foreign Direct Investment (FDI) is essential and in this, you will help us and access to international capital markets is also very important for this. If we get it done, we won't need to go to another funding program”.

He further said that the private sector has to run this country, the government is determined in this matter, we will work in this regard, the private sector should sit in the front and the ministers should sit in the back.

The foreign exchange reserves are gradually increasing in the country, we are trying to promote foreign investment, Pakistan's currency has been stable for 10 months, added Auarngzeb.