4pc economic growth expected during FY 2011-12: Hafeez

ISLAMABAD: Due to strict fiscal discipline maintained by the government, the broad economic parameters are showing progress as 4 percent growth in Gross Domestic Product (GDP) is expected as against the revised targets of 3.5 percent during the current financial year.

"The government has not borrowed any money from the International Monetary Fund (IMF) from May 2010 and retirement of debt will be started from February 24 (Friday)", Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeeaz Shaikh told journalists on Thursday.