Aurangzeb: Pakistan must break boom-and-bust cycle
Federal Minister for Finance and Revenue Muhammad Aurangzeb said on Saturday structural reforms were under way to stabilise Pakistan’s economy, with the government focusing on export-led sustainable growth, improving the tax system, reducing energy costs, and encouraging the private sector. He said IT exports were expected to reach $5.5 billion and remittances $44 billion during the current fiscal year, while the country’s foreign exchange reserves were sufficient to cover more than three months of imports. Addressing a ceremony at a private university in Lahore on Saturday, the finance minister said…
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