Times of Islamabad

Pakistan economy enters stabilization phase from bankrupt like situation: Report

Pakistan economy enters stabilization phase from bankrupt like situation: Report

ISLAMABAD – Former Advisor to the Prime Minister Dr. Salman Shah said onSunday that Pakistan has moving on the right track and it has been observedthat economic stabilization is taking place while inflation is going down.

Talking to a private news channel he said, Pakistan managed to steer itselffrom bankrupt-like situation due to effective policies of the government.As far as the economic diplomacy is concerned, Pakistan is moving on theright track.

He said, there are visible signs of improvement and further steps are beingtaken to reduce fiscal and current deficit. Pakistan is still facingmultiple challenges and threats which need long-term reforms.

He was hopeful that Pakistan is becoming an attractive place forinvestment. It is appreciable that growth rate has been revised howeverboosting of manufacturing and exports is imperative to bring economy tocomfortable growth path.

He praised that it is a positive sign that Pakistan Tehrek-e-Insaf (PTI)government is well aware of the challenges and taking bold steps to combatthese challenges to stabilize economy.

The incumbent government is also taking positive measures to boost economy,he added.