‘ADO validates correct economic policies’

Cheema says global FIs have confirmed inflation is decreasing

APP April 13, 2024
photo: file


Federal Minister for Economic Affairs, Ahad Cheema on Friday termed the Asian Development Outlook (ADO) report for April 2024 as a validation of the government’s correct economic policies.

“The ADO from the Asian Development Bank is a strong endorsement of the government’s correct economic policies,” said the minister according to press statement issued by Economic Affairs Division.

The minister said, the ADO portrayed positive prospects for Pakistan’s economy adding under the leadership of Prime Minister Shehbaz Sharif, the government had started working towards a stable and sustainable economy.

Inflation is decreasing in the country and this has also been confirmed by global financial institutions, Cheema said.

Read Do global economic policies entrap nations?

He said, the government has been working to improve financial discipline, promote investment, and facilitate a better business environment in the country.

The previous coalition government during past 16 months had taken necessary measures to stabilise the economy while it also saved the country from default and the economic measures taken by it have stabilised the value of rupee, he said.

According to EAD statement, the minister said, the country’s agricultural sector was strong and has potential for further growth.

The minister highlighted government’s commitment to implement the recommendations of the ADB and continue to work towards building an economy where opportunities are available for all Pakistanis.

Published in The Express Tribune, April 13th, 2024.

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