ISLAMABAD – Adviser to Prime Minister on Finance Abdul Hafeez Shaikh hassaid the government is giving subsidies to industrialists and exporters toimprove the economy.
Addressing a ceremony of Overseas Investors Chamber of Commerce andIndustry in Karachi on Saturday, he said International Monetary Fund hasalso expressed confidence on the economic reforms agenda of the government.
The Adviser said the tax system has improved as a result of reforms beingintroduced in the FBR. He said difficult economic situation has beenovercome.
The government did not borrow any money from the State Bank of Pakistanover the last four months. The Stock Mark has also witnessed a signficantimprovement.
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Abdul Hafeez Shaikh said the current account deficit has reduced whilstinvestors have also been giving subsidy of two hundred billion rupees.
The Adviser said two hundred and fifty billion rupees are also being spentin the energy sector.
