Finance Minister Ishaq Dar. PHOTO: ZAFAR ASLAM/EXPRESS
Speaking in the National Assembly, he said the government was paying 14% interest on the debt.
Dar claimed that the circular debt is not increasing, Express News reported. He added that the government had paid 503 billion rupees of the debt.
There was daily load-shedding of sixteen to eighteen hours in the country during the last months of the previous government due to non-payment of this amount, the finance minister stated.
Speaking about the success of economic policies, he added that the average GDP growth in the first quarter of the current fiscal year has risen to five percent. The GDP was two point nine percent in the same period last year.
Dar said the government is committed to bring the GDP ratio up to six percent in the next four years.
COMMENTS (12)
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@ Pakistani It is the love for my country, and not anything else, that keeps me responding to the negative & pessimistic comments by radicalized trolls on the social media. If you are really a Pakistani you should have no problem with that!
@Muslim Leaguer: i hope pml(N) is paying you well for these biased comments.
Todate, Mr Ishaq Dar deserves our applause for jailing the ginnie of loadshedding. We have not yet forgotten the horrible experience of 18-20 hours loadshedding everyday last winter!
If you take genuine income tax from the top 20 lac richest people of Pakistan including sharif family and zardari, you can easily generate more than 1000 billion rupees. Ever thought of this solution as well?
Debt reduction is an admirable goal but this is the same guy who is promoting floating junk bonds on the international market - the interest rate on those will be sky high. , At some point in time Pakistan is going to have to wake up and bite the bullet. Major reduction in expense combined with increase in taxes is way overdue. May not be popular but you don't have anymore debt capacity, the rupee is depreciating, you can't generate funding for necessary capital projects and American aid is going away.
Baloon busted after honeymoon hahahahah
and 10000 billions can be saved if you & your stupid govt pay taxes yourself and don't waste our money on foreign tours.
Quoting numbers and the problems wont do us any good. We all already know these issues since only we (common men) are victims of this (inflation/loadshedding).
Take some measures to solve these issues or share a strategy for the resolution.
The only reason GDP is going up is because of inflation. Govt should not have the power to print money.
In the end, the government will print more currency notes and come up with the statement that they have saved Rs.55bn!
Finance minister doing job better than earlier!
However credit goes to PTI ..... hahahaha