ISLAMABAD: The Federal Cabinet was Tuesday informed that the country has achieved a stabilised economy and the economic growth has brought down inflation.
The finance secretary briefed the cabinet, chaired by Prime Minister Shahid Khaqan Abbasi, on overall state of economy of the country. He said the interest rates were the lowest in decades while credit to private sector has touched historic highs.
He said the fiscal deficit has been reduced while Public Sector Development Programme and social safety spending has continued to rise.
The Cabinet was informed that the Reform Agenda focused on improving governance and fiscal sustainability.
The Cabinet also approved several agenda items including amendments in the guidelines of prime minister’s global Sustainable Development Goals Achievement Program and amendments in the Rules of Business 1973.
This would include re-organisation of Federal Secretariat by constituting new Ministries, Divisions besides bifurcating of some existing Ministries and Divisions.
The cabinet also approved amendment in the Rules of Business 1973 regarding authorising Minister in Charge for initiation of negotiations.
