Govt taking measures to steer nation out of financial disaster: Hafeez Sheikh

KARACHI: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh has mentioned that the federal government was making severe efforts to steer the nation out of financial challenges.

He was addressing the convocation of the Institute of Enterprise Administration in Karachi on Saturday.

The Adviser mentioned that owing to steps taken by the incumbent authorities financial situation of the nation has considerably improved.

“There’s a substantial improve in exports,” he mentioned, including that authorities specializing in additional controlling present account deficit and lowering imports.

The finance adviser mentioned worldwide establishments have acknowledged the steps taken by the federal government to enhance the financial circumstances.

Earlier, on December 4, Hafeez Sheikh mentioned the federal government’s prudent insurance policies to result in macroeconomic stability are yielding outcomes.

Learn Extra: Economic system on the mend, says Hafeez Shaikh

Talking in a microeconomic convention within the capital metropolis, he mentioned the incumbent authorities has been bringing reforms to the nation’s tax coverage. He added the documentation of the financial system is underway.

Hafeez Sheikh mentioned efforts are afoot to whittle down fiscal deficit to funnel funds into the event sector. He mentioned the ruling PTI was saddled with robust financial circumstances when it got here to energy.

Dr Shaikh mentioned the Imran Khan-led authorities steered the nation out of uneven waters, enhancing the financial state of affairs in addition to ease of doing enterprise, slicing pointless spending and stabilising State Financial institution of Pakistan’s reserves.

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