Pak economy on right track, Dar assures NA

ISLAMABAD: Finance Minister Senator Ishaq Dar told the National Assembly (NA) on Friday that the country’s economy was now on the right track after concrete steps taken by the government. “The international agencies have declared that Pakistan’s economy is back on track and has made a significant progress during the last few months,” the finance minister said while giving a policy statement on the floor of the House.
He said the international agency, Bloomberg, in its report had appreciated the achievements of the government despite the sit-ins and protest in the country.According to the Bloomberg, he said that the government had managed to turn around the economy after political disturbance in the middle of the last year by some opposition parties.
Likewise, Moody’s has also declared Pakistan’s economy rating from stable to positive category due to its sustainable foreign currency reserves and stability of its Bonds in the international market.
He said the International Bank for Reconstruction and Development (IBRD) had also allowed Pakistan to deal with it for any loan due to an improvement in macroeconomic indicators.Turning to the Islamic banking, the finance minister said that the Steering Committee for Promotion of Islamic Banking had presented its interim report. “The committee has sought timeup to December 31, 2015 to present final report in this regard,” he said.
He said Federal Board of Revenue (FBR) would publish Tax Payers Directory including that of the members of Parliament (MPs) by April 10 this year.The tentative dates of publishing Tax Payers Directory was February but some MPs have not yet deposited their tax returns saying that they should deposit their returns as soon as possible, he suggested.He told the House that all differences on the formation of judicial commission had been resolved to probe the alleged rigging in the last general elections.