Strict Financial Discipline Required For Achieving Economic Stability: Ishaq Dar
Faizan Hashmi Published January 29, 2023 | 10:00 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 29th Jan, 2023 ) :Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar on Sunday said that strict financial discipline was needed to achieve economic stability in Pakistan, without which the economy would not grow.
While addressing the two-day "Bacha Khan, Wali Khan and 21st Century" Conference in Islamabad, he said the recent economic challenges and inflation were due to the poor financial discipline of the former government of Pakistan Tehreek-e-Insaf (PTI).
Ishaq Dar said the solution to the current challenges of the country lies in the promotion of the constitution, democracy, education, non-violence, and dialogue, which was the philosophy of legendary leader, Abdul Ghaffar Khan, known as Bacha Khan.
He said that Bacha Khan fought for non-violence and democracy all his life and his struggle continues even today.
He said that big decisions are needed to get the country out of the crises and to bring economic stability to the country.
The minister said: "We fought the war of terrorism with our own resources and provided our abundant resources for it and will continue to do so in the future.
The principle and ideology of our politics are to serve the people and our government is committed to it." Ishaq Dar said the Pakistan Muslim League-Nawaz government had left the gross domestic production (GDP) growth at above 6 percent in 2018. "We left the GDP at $356.8 billion with an increase of $122 billion. During our previous government, international rating agencies were predicting Pakistan to join the G20 by 2030," he added.
The minister said, "We had a choice to save the country or our politics, but we sacrificed politics for the sake of the country." He said the per capita income was $1,798 during the PML-N previous government, which went to $1,768 in the PTI government.
He said the inflation rate was 8.6 percent in the former PML-N government, which came to "double digits during the PTI era. Along with this, he added, food inflation was just two percent during the last PML-N regime, which reached 12 percent during the PTI's tenure.
Related Topics
Recent Stories
Dubai Police Marks International Workers' Day with 'Talabat' Riders
Sharjah Ruler inaugurates 15th annual Sharjah Children’s Reading Festival
Parineeti Chopra opens up about her decision to marry politician Raghav Chadha
PCB decides to set up training camp for national team ahead of England, Ireland ..
Virat Kohli's sweet birthday wish for Anushka Sharma
Interior Minister commends Pakistan Coast Guards
Pakistan women’s squad announced for England tour
Punjab CM Maryam inaugurates initiative of field hospitals
PM Shehbaz constitutes committee to investigate caretaker govt’s wheat import ..
Women T20I: Pakistan to face West Indies in fourth match tomorrow
Pak-UK 6th Regional Stabilization Conference underway at NDU, Islamabad
World Labor Day being observed today
More Stories From Business
-
SRB tax collection surges 29% to Rs 185.2 billion
11 hours ago -
WSSP, district admin to launch joint operation against water bills defaulters
13 hours ago -
Mega Cotton Seminar held in Bahawalpur
15 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 1 May 2024
18 hours ago -
Today Gold Rate in Pakistan 01 May 2024
18 hours ago -
Petrol prices slashed by Rs 5.45 per liter
1 day ago
-
Govt reduces petrol price by Rs5.45 per litre
1 day ago -
FBR issues Income Tax General Order to enforce return filing
1 day ago -
Planning minister reviews preparations for upcoming 13th JCC meeting, PM Shehbaz’s expected visit ..
1 day ago -
FBR issues Income Tax General Order to enforce return filing
1 day ago -
LCCI delegation visits Business Facilitation Center
1 day ago -
2-day Pak-International Poultry Expo begins
1 day ago