FPCCI Lauds Govt As PSE's 100-index Crosses To 40,000 Points

FPCCI lauds govt as PSE's 100-index crosses to 40,000 points

LAHORE, (UrduPoint / Pakistan Point News - 12th Augst,2016) : President Federation of Pakistan Chamber of Commerce and Industries (FPCCI) Friday lauded the government's macro-economic policies, as Pakistan Stock Exchange's (PSE) 100-index has crossed to the highest 40,000 points-benchmark ever in history. Talking to APP, FPCCI president Abdul Rauf Alam said that the highest ever 40,000 points benchmark has hit an all- time high 40,012 points.

FPCCI president said that government was successfully attaining macro-economic stability including re-engagement of international financing institutions which was firmly pursuing the goal of economic growth and employment generation. Abdul Rauf Alam said that it was a good sign that all the macro-economic indicators were positive, forex reserves stood at over 20 billion Dollars and inflation rate was under 3 percent.

He further lauded the determination of the government to achieve 6 to 7 percent growth rate within by 2018.

There was 18 percent growth in revenue generation during the current fiscal year and government should achieve the revenue target set for 2015-16," he added. FPCCI President said that apart from due focus on economy, the government had also paid full attention to development of energy sector to alleviate the problem of energy shortage in the country. He appreciated the government for giving due focus on anti-terrorism operation which was necessary to ensure a peaceful and secure environment, which is key to ensure economic progress.