Pakistan’s Finance Minister Shaukat Tarin unveiled an economic blueprint for the Government of Pakistan (“GoP”). The GoP has unveiled the formation of short, medium and longterm plans across various sectors of the economy under the umbrella of the Economic Advisory Council (EAC). The meeting was attended by the EAC members, Minister for Industries Khusru Bakhtiar, Adviser to Prime Minister on Commerce Razak Dawood, Minister for Food Security and Research Fakhar Imam, Arif Habib, Muhammad Ali Tabba, former governor State Bank of Pakistan (SBP) Saleem Reza.
The Finance Minister said that the government has planned sustainable growth in 14 special sectors of economy. This plan has been made in consultation with stakeholders, and relevant accountability of Ministries. This was after 1972 that such a strategy has been developed. There are growth cycles of four to five years which are not sustainable due to inconsistency in policies.
He also said that the GoP has no intention to quit the International Monetary Fund (IMF) program with the next talks scheduled for end September 2021.
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