March 03, 2020: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh has said the outlook for the economy is strong and pick up in exports and remittances are supporting growth momentum.
Talking to a group of anchorpersons in Islamabad, he said in December last year, the large scale manufacturing output expanded by 16 percent on month on month basis, indicating that growth is starting to pick up.
The meeting was part of the efforts to update the media and public on key economic policies and progress on reforms.
Dr Abdul Hafeez Shaikh shared updates on the recently-concluded 2nd review of the IMF staff saying that the IMF staff concluded that all end December performance criteria were met, and structural benchmarks have been completed.
He highlighted that inflation has declined as a result of proactive measures by the government to allow imports and increase supply through utility stores.