Federal Minister for Information, Ata Tarar, has stated that positive developments are underway in the economy, signaling an improvement in the country’s financial landscape.
Focus on Economic since Inception
Federal Minister Ata Tarar, speaking at a press conference in Lahore, expressed that the government has always kept its eye on the economy. He said that if it had not been for the Prime Minister’s hard work to stabilize things, then this would have been impossible. Also, now he is hopeful about how things are going.
Turning the Tide of Isolation
Tarar highlighted the detrimental effects of international isolation and irreversible damages inflicted during the previous regime, where diplomatic ties with friendly nations deteriorated. However, he noted a significant turnaround in the national economy since the current government assumed office, with encouraging signs emerging.
International Validation
Citing reports from institutions like the World Bank and Bloomberg, Tarar underscored positive indicators such as reaching the lowest inflation level in 29 months. Additionally, he mentioned a substantial reduction in petrol prices by 25 rupees per liter and a noticeable decrease in the prices of essential commodities.
Government’s Serious Measures Against Inflation
Attributing the decrease in inflation to the government’s serious measures, Tarar mentioned achieving a 15% increase in tax collection compared to the target set for May. Furthermore, he highlighted the recent agreement with the IMF, indicating a swift response to economic challenges.
Importance of China Visit
Tarar emphasized the significance of Prime Minister Shahbaz Sharif’s visit to China, stating that it holds immense importance for bilateral relations. He mentioned the ongoing China-Pakistan Business Conference, with representatives from various sectors engaging, which is expected to accelerate progress on the CPEC projects.
Internal Discord within PTI Addressed
Responding to a query regarding internal discord within the PTI, Tarar acknowledged differences but urged party leaders to align their positions. He referenced conflicting statements within the party, particularly regarding the events of May 9, urging internal consensus for a unified party stance.
