He was addressing a seminar titled "Pakistan's Economy-Way Forward" organized by Pakistan Society of Development Economists in Islamabad on Wednesday.
He said government is striving to boost exports and reduce imports to achieve the target of economic stability that is directly linked to the national security.
The Minister said previous governments showed economic growth through fake facts and figures whereas the private investment witnessed a considerable shortfall over the last few years. He said national savings ratio is 10 percent of GDP which needs to be enhanced.
The Minister said Pakistan's economy suffered hugely due to severe current account and financial deficit and efforts are being made to overcome this crisis through better management and good governance.