ISLAMABAD : Finance Minister Ishaq Dar hoped that Pakistan would achieve its GDP growth target of 5.1 percent for the year 2014-15 as all the major economic indicators were on positive trajectory.
Addressing a press conference, the minister said the due to prudent policies of the government; all targets would be achieved with margin.
Giving details about the performance of last six months for major economic indicators, the minister said by December 31, 2014, the country’s forex reserves were over US $15 billion including $6.9 billion with commercial banks whereas $10.3 billion with the State Bank of Pakistan (SBP) and with this Pakistan has now regained its status of member country for International Bank for Reconstruction and Development (IBRD).
Dar said the revenue collection during first six months of current year were remained at Rs 1162.4 billion as compared to Rs 1031.4 billion collected during same period of last year which was higher by 13 percent despite reduction of oil prices.
He said due to massive decrease in petroleum prices the government has passed the benefit to the people by reducing the price of about Rs 26 to Rs 35 per liter during last 4 months.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
