Govt policies based on good economic management: Finance Division

News Image

By MG News | February 11, 2020 at 10:07 AM GMT+05:00

0:00

February 11, 2020: The Ministry of Finance has said that the economic policies and economic reforms programme of the government being implemented with the support of IMF are based on sound and well-established principles of good economic management.

“The objective of these policies is stabilization in the first phase, followed by rapid, sustainable and inclusive growth,” says the Finance Division in response to certain news reports insinuating that the “IMF policies [are] leading to destruction of economy”.

The Finance Division has maintained that the government’s policies have already started showing positive results. There is significant improvement in economic indicators.

The external sector has stabilized and the fiscal deficit has declined significantly in the first six months of the financial year. Low tax-to-GDP ratio is amongst the fundamental problems of Pakistan’s economy.

Unless this is corrected, the country cannot achieve prosperity. Therefore, a multi-pronged revenue mobilization strategy is being pursued to broaden the tax base and raise tax revenues in a balanced and equitable manner.

To cushion the low-income groups from any adverse effects of stabilization measures, the Government has allocated sufficient resources for income support and social protection programs and has increased spending on health and education. Furthermore, targeted energy subsidies have been given to the vulnerable group.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,940.00 106,200.00
105,440.00
190.00
0.18%
BRENT CRUDE 67.23 67.29
67.05
0.12
0.18%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.53 65.65
65.34
0.08
0.12%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg