News Column

FPCCI President hails IMF economic indicators stability report

August 20, 2014

Federation of Pakistan Chamber of Commerce and Industries (FPCCI) President Zakaria Usman Tuesday hailed the International Monetary Fund (IMF) satisfaction report on government policies to strengthen macroeconomic stability and reviving investment and growth.

Talking to Media FPCCI President said economic indicators were improving and growth was continuing to gain momentum and inflation is on a downward trajectory. He said the government’s reform program was broadly on track.

“IMF team during talks with finance minister at Dubai said that GDP growth was expected to rise by 4.3 percent in fiscal year 2014-15 as compared to a provisional estimate of 4.1 percent in last fiscal year” he said. Commenting on IMF officials statement, Usman said that PML-N government made excellent progress for economic growth. He welcomed PM’s decision of constituting committee for dialogue with PTI and PAT as a five member committee has been assigned to contact both the parties.

Zakaria said Prime Minister is determined to fulfil economic agenda and PML-N government will continue its march towards prosperity and development.

The FPCCI President, said any attempt to encourage citizens for not paying their utility bills and taxes would further weaken the economy.

He further said civil disobedience call tantamounts to undermine the economy and it will lead to lawlessness and poverty in the country.

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Source: Balochistan Times (Pakistan)

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