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PAK makes all-out efforts to overcome economic challenges


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Islamabad: Pakistan’s Federal Minister for Finance Ishaq Dar said that his country has been making all-out efforts and taking effective measures to steer Pakistan out of its present socio-economic challenges.

“We have to ensure financial discipline in every way. The future of Pakistan is bright, and we have to get the country out of economic difficulties through united efforts,” the minister said while addressing a conference organized by the Institute of Chartered Accountants of Pakistan on Monday.

While expressing his confidence in the safe future of the country, Dar said that tough decisions were necessary to achieve Pakistan a respectable status.

“Pakistan needs to increase the economic growth rate and stop the value of the rupee from falling further because the depreciation of the rupee leads to an increase in inflation, and there is an extraordinary increase in the debt burden,” he said.

Talking about the recently released budget for the fiscal year 2023-24, the minister said that the country’s economic situation will see a significant improvement after the difficult but inevitable decisions of the government during the budget.

In the budget, many incentives are given for the growth of the agriculture and information technology sector and the promotion of small and medium industries, he said, adding that several measures have also been taken to recognize the contributions of overseas Pakistanis.

Similarly, billions of rupees are allocated for the education sector, and measures are also afoot at the policy level to raise revenues, Dar added.

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