Saturday, November 19, 2011

Economy showing improvement, says Hafeez Shaikh

ISLAMABAD: Federal Minister for Finance Abdul Hafeez Shaikh has said that economy of the country has shown “better performance” during the first four months of the current fiscal year and expressed the hope that the trend would continue during the rest of the year.
Shaikh expressed these views while inaugurating a seminar here on Saturday.
He said that the government was committed to a reforms agenda to ensure that economic stability remained intact.
He said that Pakistan was having good relations with the International Monetary Fund (IMF) and that recent talks with the bank were held in a cordial atmosphere.
Speaking on the occasion, Assistant Director IMF, Adnan Mazarei said that Pakistan was facing some short term issues, and stressed the need for addressing them on a long-term basis.
He said that there was a need to focus on fiscal growth and the banking and energy sectors on a long term basis.

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