Government overcomes energy sector issues to boost economy, GDP growth rate: Miftah

ISLAMABAD: Advisor to the Prime Minister (PM) on Economic Affairs, Miftah Ismail has said that the present government has taken steps to bring improvement in the energy sector which will help enhance the economy and the Gross Domestic Product (GDP) growth rate.

“We have made efforts to resolve the issues of electricity and gas,” he said while talking to a private news channel.

After addressing the problems of electricity and gas, there was a need to achieve seven to eight per cent GDP growth rate, he further commented.

Commenting on China Pakistan Economic Corridor (CPEC), projects, he said that China is making heavy investments in Pakistan which will have a positive impact on the economy.

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“The present government is spending billions of dollars on developing infrastructure with a special focus on establishing the Gwadar Port, hospitals, highways and other development projects in Balochistan, said Miftah.

To a question, he said that Pakistan holds good relations with the Kingdom of Saudi Arabia and Qatar and added that efforts are being made to send skilled labour to Gulf countries in days to come.

To another question, Miftah replied that the government has increased taxes to avoid dependence on the International Monetary Fund’s (IMF) assistance.”

 

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