WASHINGTON: The federal minister for finance Ishaq Dar has said that Pakistan will maintain a steady GDP growth rate despite floods and sit-ins that have hurt the national economy.
In his address to South Asian experts and students at Johns Hopkins University’s School of Advanced International Studies in Washington, the minister said that as a result of government policies, Pakistan has been able to achieve a growth rate of four percent previous year, and is set to achieve five percent growth this year.
The finance minister said that international financial institutions including the World Bank and the International Monetary Fund (IMF) have reposed confidence in Pakistan’s economic prospects and Moody’s changed the outlook form negative to positive.
The minister noted that politics of marches and sit-ins have harmed progress in some areas. For instance, the demonstrations have delayed inflows of around $2.6 billion including the $550 million IMF tranche.
