The industrial production has registered a growth of 15 percent, foreign exchange reserve position is comfortable, stock markets are buoyant, inflation rate is low, exchange rate is stable and GDP is expected to grow in the vicinity of 5.5 to 6 percent.
Far reaching capital market reforms, improved tax collection and establishment of tax collector units and tax friendly culture have invigorated businessmen's confidence in policies of the government.
The Federal Minister for Finance Shaukat Aziz expressed these views in a message to the Secretary General of Business Industry Promotion Association of Pakistan (BIPAP) Farooq Ali Awan.
"Government has been providing the means for industrial growth in the country through far-reaching structural and financial reforms, consequently the country has improved its economic condition. Moreover, the launch of eurobonds has brought Pakistan on International radar screen of emerging markets. International credit rating has improved and Pakistan is expected to archive around US $600 per capita income, its purchasing power parity per capita will be over US $2000", Shaukat said in his message.
According to a press release issued by BIPAP, Shaukat Aziz in his message also highlighted the government's efforts to provide investor-friendly tax regime, matching infrastructure including ports, shipping, road, rail and air links to Central Asia to create a competitive edge for Pakistani businessmen to substantially increase export oriented industry.
He hoped that business community under BIPAP would continue to grow from strength to strength.
Comments
Comments are closed.